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Treasury Bulletin
June 1977
DEPARTMENT OF THE TREASURY OFFICE OF THE SECRETARY
WASHINGTON, D.C.
juml917
CONTENTS
Article
FFO-1.
FFO-2.
Chart
FFO-3.
FFO-4.
FFC^5.
FFO-6.
FFO-7.
FO-1.
FO-2.
FO-3.
FO-4.
UST-1.
UST-2.
UST-3.
MS-1.
FD-1.
FD-2.
FD-3.
FD-4.
FD-5.
FD-6,
FD-7.
FD-8.
FD-9.
FD-10.
PDO-1.
PDC^2.
PDO-3.
Treasury Financing Operations
FEDERAL FISCAL OPERATIONS
Page
VI
Summary of Fiscal Operations \ 1
Budget Receipts by Source i
Budget Receipts by Source 5
Budget Outlays by Agency 6
Undistributed Offsetting Receipts I 7
Budget Outlays by Function ' 8
Investment Transactions of Government Accounts in Federal Securities (Net) 10
Trust Funds Transactions ' 11
FEDERAL OBLIGATIONS |
Gross Obligations Incurred Within and Outside the Federal Government by Object Class.; 23
Gross Obligations Incurred Outside the Federal Government by Major Function and Majorj
Object Class j 13
Gross Obligations Incurred Outside the Federal Government by Department or Agency 1^
■ Gross Obligations Incurred Outside the Federal Government, Comparative Statement
by Months 15
ACCOUNT OF THE U.S. TREASURY
status of the Account of the U.S. Treasury 16
Analysis of Changes in Tax and Loan Account Balances 17
Gold Assets and Liabilities of the Treasury 18
MONETARY STATISTICS^
Currency and Coin in Circulation
FEDERAL DEBT
Summary of Federal Debt
Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt.
Interest-Bearing Public Debt
Maturity Distribution and Average Length of Marketable Interest- Bearing Public Debt.
Government Account Series
Interest-Bearing Securities Issued by Government Agencies
Participation Certificates
Debt Subject to Statutory Limitation
Status and Application of Statutory Limitation
Treasury Holdings of Securities — • •
PUBLIC DEBT OPERATIONS
Maturity Schedule of Interest- Bearing Marketable Public Debt Securities.
Offerings of Bills
New Money Financing through Regular Weekly Treasury Bills_^^
19
20
20
21
21
22
23
2i.
25
26
27
29
30
33
//
Treasury Bulletin
CONTENTS
PDO-/i.
PDO-5.
PDO-6.
PDO-7.
PDO-8,
PDO-9.
SB-1.
SB-2,
SB-3.
SN-1,
OFS-1.
OFS-2.
TSO-1.
TSO-2.
TSO-3.
TSO-4.
TSO-5.
MQ-1.
MQ-2.
MQ-3.
Chart
AY-1,
Chart
IFS-1,
IPS- 2.
IFS-3.
IFS-^.
IFS-5.
IFS-6.
Page
Offerings of Public Marketable Securities 37
Unmatured Marketable Securities Issued at a Premium or Discount 40
Allotments by Investor Classes on Subscriptions for Public Marketable Secxirities 44
Disposition of Public Marketable Securities 49
Foreign Series Securities 53
Foreign Currency Series Securities 59
UNITED STATES SAVINGS BONDS
Sales and Redemptions by Series, Cumulative 62
Sales and Redemptions by Periods, All Series Combined 62
Sales and Redemptions by Periods, Series E through K 63
Redemptions of Matured and Unmatured Savings Bonds ■ 65
UNITED STATES SAVINGS NOTES
Sales and Redemptions by Periods
OWNERSHIP OF FEDERAL SECURITIES
66
Distribution of Federal Securities 67
Estimated Ownersb-ip of Public Debt Securities 68
TREASURY SURVEY OF OWNERSHIP
SiJmmary of Federal Securities 69
Interests Bearing Marketable Public Debt Securities by Type and Matxirity Distribution. 70
Interest- Bearing Marketable Public Debt Securities by Issue 70
Securities Issued by Government Agencies 72
Securities Issued by Governmen1>Sponsored Agencies and D.C 72
MARKET QUOTATIONS ON TREASURY SECURITIES
Treasury Bills 73
Treasury Notes 73
Treasury Bonds 7A
Yields of Treasury Securities 75
AVERAGE YIELDS OF LONG-TERM BONDS
Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds 76
Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds 77
INTERNATIONAL FINANCIAL STATISTICS
U.S. Reserve Assets 78
U.S. Liquid and Nonlirquid Liabilities to Foreign Off icdal .Institutioae, .and Liquid
Liabilities to All Other Foreigners 79
U.S. Liquid and Nonliquid Liabilities to Official Institutions of Foreign Countries,
by Area 80
81
82
83
Nonmarketable U.S . Treasury Bonds and Notes
U .S . Position ' in the International Monetary Fund
Weighted- Average of Exchange Rate Changes for the Dollar.
June 1977
III
CONTENTS
Cl^I-l.
CI^I-2.
CM-I-3.
CM- 1- 4.
CM- 1- 5 .
CI^I-6.
CM- 1- 7.
C*'-II-1.
CM- II- 2.
CM- II- 3.
CM-II-^.
CM-II-5.
CM-II-6.
CM-III-1.
CM-III-2.
CI^III-3.
Cl^III-4.
CI^IV-1.
CM- IV- 2.
Cl^IV-3.
C^^IV-4.
CI\^IV-5.
CM- IV- 6.
CM- IV- 7.
CI^V-1.
c^tv-2.
c^^v-3.
CM-V-4.
CM-V-5.
Cl^V-6.
CM-V-7.
CU-V-S.
CM-V-9 .
Cl^V-10.
CAPITAL MOVEMENTS
Page
"liabilities to foreigners reported by banks - U.S.
Short-Term Liabilities by Type of Foreign Holder ?6
Short-Term Liabilities by Type of Liability 87
Short-Term Liabilities by Country 89
Short-Term Liabilities, by Type and Country 90
Short-Term Liabilities, Not Regularly Reported Separately 91
Long-Term Liabilities by Type 92
Long-Term Liabilities by Country 93
CLAIMS ON foreigners REPORTED BY BANKS
Short-Term Claims by Type 94
Short-Term Claims by Country 95
Short-Term Claims, by Type and Country 96
Long-Term Claims by Type 97
Long-Term Claims by Country • 98
Long-Term Claims, by Type and Country 99
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
Liabilities by Type ■'-'-"^
Short-Term Liabilities by Country -'-'-'■'-
Short-Terra Liabilities, by Type and Country 102
Long-Term Liabilities, by Country ^^^
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
Claims by Type
105
. Short-Term Claims by Country -^^^
■ Short-Term Claims, by Type and Country •'-0°
. ShorVTerm Liquid Claims Reported by Large Nonbanking Concerns, by Type 107
• ShorVTerm Liquid Claims Reported by Large Nonbanking Concerns, by Country 10'^
• Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type and Country 108
■ Long-Term Claims by Country
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS ,
• Foreign Purchases and Sales of Long-Term Domestic Secvu-ities l-'-O
■ Foreign Purchases and Sales of Long-Term Foreign Securities 110
■ Net Foreign Transactions in Marketable U.S. Treasury Bonds and Notes by Country HI
- Estimated Foreign Holdings of Marketable U.S. Treasury Bonds and Notes by Country 112
■ Net Foreign Transactions in Long-Term Domestic Bonds -^-^-'
- Net Foreign Transactions in Domestic Stocks by Country H-^
- Net Foreign Transactions in Long-Term Foreign Bonds by Country , H^
- Net Foreign Transactions in Foreign Stocks by Country H^'
- Foreign Purchases and Sales of Long-Term Securities, Latest Date H''
- Foreign Purchases and Sales of Long-Term Securities, Latest Year , HE
IV Treasury Bulletin
CONTENTS
FOREIGN CURRENCY POSITIONS
SUMMARY POSITIONS Page
PCP-I-1. Nonbanking Firms' Positions llq
FCP-I-2. Weekly Bank Positions 120
FCP-I-3. Monthly Bank Positions 120
BELGIAN FRANC POSITIONS
PCP-II-1. Nonbanking Firms ' Positions 121
FCP-II-2. Weekly Bank Positions 121
FCP-II-3. Consolidated Monthly Bank Positions 122
CANADIAN DOLLAR POSITIONS
FCP-III-1, Nonbanking Firms ' Positions 123
PCP-III-2. Weekly Bank Positions 123
FCP-III-3. Consolidated Monthly Bank Positions 12^;
FRENCH FRANC POSITIONS
FCP-IV-1. Nonbanking Firms ' Positions 125
FCP-IV-2. Weekly Bank Positions 125
FCP-IV-3. Consolidated Monthly Bank Positions 126
GERMAN MARK POSITIONS
PCP-V-1, Nonbanking Firms ' Positions 127
PCP-V-2 . Weekly Bank Positions 127
FCP-V-3. Consolidated Monthly Bank Positions 12g
ITALIAN LIRA POSITIONS
FCP-VI-1. Nonbanking Firms ' Positions 129
FCP-VI-2. Weekly Bank Positions 129
JAPANESE YEN POSITIONS
FCP-VII-1. Nonbanking Firms ' Positions 130
FCP-VII-2. Weekly Bank Positions I30
FCP-VII-3. Consolidated Monthly Bank Positions I3I
SWISS FRANC POSITIONS
PCP-VIII-1. Nonbanking Firms ' Positions I32
FCP-VIII-2. Weekly Bank Positions 132
FCP-VIII-3. Consolidated Monthly Bank Positions I33
STERLING POSITIONS
PCP-IX-1 Nonbanking Firms ' Positions 13^
FCP-IX-2. Weekly Bank Positions 13^
FCP-IX-3. Consolidated Monthly Bank Positions I35
UNITED STATES DOLLAR POSITIONS ABROAD
FCP-X-1. Nonbanking Firms' Foreign Subsidiaries ' Positions
FCP-X-2. Weekly Bank Foreign Office Positions
136
136
FCP-X-3. Monthly Bank Foreign Office Positions ! 137
June 1977
CONTENTS
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Page
FEDERAL CREDIT PROGRAMS
GA-II-1. - Direct Sales and Repurchases of Loans . . . . ._^.. . . . . . .... ._._jjj_._._..^._. ... 139
GA-II-2 . - Direct and Guaranteed Loans Outstanding 1-40
Cumulative Table of Contents 1^7
Note: Details of figures may not add to totals because of rounding.
VI
Treasury Bulletin
Treasury Financing Operations
Auction of 2-Year Notes
>n \!ay 11 the Treasury announced that it would auction
$1,500 million of 2-year notes to refund notes maturing May
31, 1977. The offering provided for a net pay-down by the
Treasury of about $447 million, as the public held $1,947
million of the maturing notes. The notes offered were Treas-
ury Notes of Series Q-1979, tobe dated May 31, 1977, due May
31, 1979, with interest payable semiannually on November 30
and May 31 in each year until maturity. A coupon rate of
6-l/8!6 was set after the determination as to which tenders
were accepted on a yield basis, the average of which trans-
lated into an average accepted price close to 100.000,
Tenders for the notes were received until 1:30 p.m.,
EDST, May 18, and totaled $4,223 million, of which $1,518
million was accepted at yields ranging from 6.20^, price
99.861 up to 6.25^, price 99.768. Noncompetitive tenders
for $1 million or less from any one bidder were accepted in
full at the average yield of accepted tenders, 6.23!^, price
99.805. These totaled $260 million.
In addition, $570 million of tenders were accepted at
the average price from Government accounts and Federal Re-
serve banks for their own account in exchange for securities
maturing May 31, 1977, ($190 million) and from Federal Re-
serve Banks as agents for foreign and international monetary
authorities for new cash ($380 million) .
Tenders were received at Federal Reserve banks and
branches and at the Bureau of the Public Debt, Washington,
D. C. Bearer notes, with interest coupons attached, and
notes registered as to principal and interest were authorized
to be issued in denominations of $5,000, $10,000, $100,000,
and $1,000,000.
Auction of 4-Year l-Month Notes
"ly 17 the Treasury announced that it would auction
$2,'jju million of 4-year 1-month notes to raise new cash.
The notes offered were Treasury Notes of Series J-1981, to
be dated June 3, 1977, due June 30, 1981, with interest pay-
able semiannually on December 31 and June 30 in each year until
maturity. A coupon rate of 6-3/4% was set after the determi-
nation as to which tenders were accepted on a yield basis,
the average of which translated into an average accepted price
close to 100.000.
Tenders for the notes were received until 1:30 p.m.,
EDST, May 24, and totaled $4,777 million, of which $2,014
million was accepted at yields ranging from 6.75%, price
99.984 up to 6.82*, price 99.738. Noncompetitive tenders for
$1 million or less from the public were accepted In full at
the average yield of accepted tenders, 6.80if, price 99.808.
These totaled $257 million.
In addition, $500 million of tenders were accepted at
the average-yield price from Federal Reserve Banks as agents
for foreign and international monetary authorities for new
cash.
Tenders were received at Federal Reserve banks and
branches and at the Bureau of the Public Debt, Washington,
D. C. Bearer notes with interest coupons attached, and notes
registered as to principal and interest were authorized to be
issued in denominations of $1,000, $5,000, $10,000, $100,000,
and $1,000,000.
52-Week Bills
On May 19 tenders were invited for $2,400 million, or
thereabouts, of 364-day Treasury bills to be dated May 31,
1977, and to mature May 30, 1978. The issue was to refund
bills maturing May 31, 1977. The offering provided for a net
pay-down by the Treasury of about $521 million, as the matur-
ing issue was outstanding in the amount of $2,921 million.
Tenders were opened on May 25. They totaled $4,971 million,
of which $2,404 million was accepted, including $52 million
of noncompetitive tenders from the public and $788 million
of the bills issued at the average price to Federal Reserve
banks for themselves and as agents of foreign and interna-
tional monetary authorities. An additional $50
million of the bills were issued to Federal Reserve banks as
agents of foreign and international monetary authorities for
new cash. The average bank discount rate was 5.403%.
13-Week and 26-Week Bills
Issues of regular weekly Treasury bills in May totaled
$21,700 million. These issues were offered for cash and in
exchange for bills maturing in the amount of $24,900 million.
There were two 13-week issues of $2,100 million, one 13-week
issue of $2,200 million, and one 13-week issue of $2,300 mil-
lion. There were two 26-week issues of $3,200 million, and
two 26-week issues of $3,300 million. Average rates for the
new issues are shown in the following table.
Date of issue
Annual average rate
(bank discount basis)
13-week
26-week
1977
May 5
12
19
26
4.807
4.823
4.996
5.142
5.052
5.131
5.234
5.353
Jia?e 1977
VII
Treasury Financing Operations— Continued
Treasury Bills (Other than Short-dated bills! - 'jeneral
Treasury bills are sold onabid basis. The par amount
is payable without interest at maturity. 13-week bills are
issued only in bearer form in denominations of $10,000,
$15,000, $50,000, $100,000, $500,000, and $1,000,000 (matu-
rity value) . 26-week and 52-week issues of bills are issued
in book-entry form on the records of either the Federal Re-
serve Banks and Branches or of the Treasury in a minimum
amount of $10,000 and in any higher $5,000 multiple. For a
limited period of time, definitive bills of the 26-week and
52-week issues will be available only in the $100,000 denom-
ination to investors who are able to show that they are re-
quired by law to hold securities in physical form.
Tenders are received at Federal Reserve banks and branches
and from individuals at the Bureau of the Public Debt, Wash-
ington. Each tender must be for a minimum of $10,000. Ten-
ders over $10,000 must be in imiltiples of $5,000. Payment
for the full par amount of 26-week and 52-week bills applied
for must accompany all tenders submitted for bills to be
maintained on the book -entry records of the Department of the
Treasury. A cash adjustment will be made for the difference
between the par payment submitted and the actual issue price
as determined in the auction. No deposit need accompany ten-
ders from incorporated banks and trust companies and from
responsible and recognized dealers in investment securities,
for bills to be maintained on the book -entry records of Fed-
eral Reserve Banks and Branches, or for definitive bills,
where authorized. A deposit of 2 percent of the par amount
of the bills applied for must accompany tenders for such bills
from others, unless an express guaranty of payment by an in-
corporated bank or trust company accompanies the tenders.
Noncompetitive tenders (without stated price) , usually
for $500,000 or less from any one bidder, for each issue of
13-week, 26-week, and 52-week bills, are accepted in full at
the average price of accepted competitive bids for an issue.
Payment for accepted tenders must be made or completed
on the date of issue, in cash or other immediately available
funds or in a like par amount of Treasury securities matu-
ring on or before that date. Payment for 13-week, 26-week,
and 52-week bills may not be made by credit in Treasury tax
and loan accounts.
Foreign Series and Foreign Currency Series
Foreign series securities issued in May totaled $1,006
million, consisting of three bills and three notes. Redemp-
tions for the month totaled $1,053 million. At the end of
May, foreign series securities outstanding totaled $20,423
million. (Details are shown on page 58 .)
Foreign currency series securities issued in May con-
sisted of a note denominated in Swiss francs equivalent to
$360 million. Redemptions for the month totaled an equiv-
alent of $386 million. At the end of May foreign currency
series securities outstanding totaled an equivalent of $1,408
million and were all denominated in Swiss francs. (Details
are shown on page 61 .)
Note:
Details of Treasury market financing operations are shown elsewhere in tables on public debt operations.
Jinic 1977
.FEDERAL FISCAL OPERATIONS.
Table FFO-1. - Summary of Fiscal Operations
( In nil
11 ions jf dc
liars)
Budget
receipts a
nd outlays
Means of financing — net transactions
Surplus
Borrowing
from the public — Federal securities
Cash and monetary
assets (Deduct)
Net
Net
or month
receipts
1/
outlays
2/
deficit (-;
Public
Invest-
Within general
account of the
Treasury
Special
drawiiig
Gold
tranche
debt
Agency
lotal
U.S. Treasury
operating
rights
drawing
securi-
ties i/
securi-
4+5-6
V6/
cash
7/
Other
rights
ties
counts J^
8/
(1)
(2)
(3)
14)
15)
!,'■')
i'.')
it')
(■ 0 )
(10)
i 11 i
(12)
1968
153,571
178,833
-25,161
22,476
5,944
S320
23,100
-1,094
1,859
538
1969
187,784
184,548
3,236
7,526 .
-10,150
8,522
-11,145
760
-
-
808
644
1970
193,743
188,392
196,588
211,425
-2,845
-2 3,03 3
17,198
27,211
-1,739
-347
10,062
7,417
'■,397
19,448
1,746
826
-
557
290
-1,536
-208
802
1971
-908
1972
208,649
232,225
232,021r
247,074r
-2 3,372r
-14,849r
29,131
30,881
-1,269
216
8,420
11,822
19,442
19,275
1,668
2,058
_
711 '
-8
1,079
-1,254
-988
1973
50
1974
264,932
259,521r
-4,689r
16,918
903
14,813
3,009
-3,380
-
245
91
525
1975
280,997
300,005
81.77 .
326,105r
<66,456r
94,746r
-45,108r
-«>,451r
-12 , 973r
58,953
87,244
14,269
-1,069
lOr
724r
7,031
4,341
- 3, 514
50,853
82,913r
18,507r
-
-1,570
7.245
2,579
123
-302
647
-172
-385
1,121
1976
-,024
T.Q
764
1977 (Est.)...
15°, 461
408,191
-48,730
82,049
-1,388
7, 561
73,000
-
n.a.
n.a.
n.a.
n.a.
1978 (Eat. J...
404,728
462,581
-57,853
76,705
-1,394
9,510
-
n.a.
n.a.
1976- Apr
'3,348
72,557r
7°lr
1,483
-37r
54
1 , 3Q3r
_
2 , 207r
-26
■'Zf 251
May
22,679
28,393r
-5,714r
8,699
-9
4,581
4,109
-
-3,383
-17
-19
538
June
37,615
30,601r
7,014r
9,760
-8
5,905
3,847
-
5,582
-192
889
85
July
Aug
Sept
Oct
22,660
3 3,952r
-ll,292r
4,114
i34r
-1,090
6,438r
„
-4.784r
2
-489
258
27,360
29,505r
-2,245r
8,782
:<57r
401
-
1,658
8
-60
351
31,753
31,189r
564r
1,373
341-
-l,a25
-
5,705
-6Q
153
154
21,018
34,000
-12,°81
2,002
-s
-1,48°
4,386
-
-5, 371
-405
1,455
49
Nov
25,698
3 3,083
-7,385
7,lJ3b
-30
268
6,738
-
-3, IQl
1-'
-1,215
285
Dec
2°, 472
a, 891
-2,41°
g.QCi'5
-lOT
? ,205
D,305
-
3,018
30
322
157
1977-Jan
29,°77
32,640
-2,664
■^t^.3
-305
-3,U°°
3,157
-
1,018
-20
770
-185
Feb
24,327
30,880
-6,554
°,442
-13
310
o,118
-
1,°15
8
-856
137
Mar
25,171
74,646
-°,475
5,85°
2
510
5,351
-
-5,575
6
-53
12
Apr
40,016
3^.547
4.46°
1,81''
-51
556
1,206
-
8,73°
-''/
555
24
Fiscal 1977
to date
1°5,678
232,687
-37.008
30,321
-7°5
-73"
3o,2h"
-r^
1.07°
478
Means of financing — net transactions — Con.
Selected balances, end of period
Fiscal year
Other
2/
(13)
Transactions
not applied to
year's surplus
or deficit 12/
(14)
Total budget
f ijiancing
7-8-9-10
-11-12+13*14
(15)
General ac-
count of the
U.S. Treasury
(16)
U.S.
Treasury
Operating
cash
(17)
Federal securities
or month
Public
debt
securities
2/
(18)
Agency
securities
11/
(193
Investments
of Govern-
ment accounts
(20)
Held by the
public
18+19-20
(21)
1968
1969
1970
1971
19^2
1973
1974
1975
1976
T.Q
1977 (Est.)...
1978 (Est.)...
1975- Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1977-Jan
Feb
Mar
Apr
, Fiscal 1977
to date
.i
2,997
-284
-22
3,103
4,958
-3,921
-1,290
1,968
-1,956
-199
-318
-56
l,168r
-85 3
-3,475
1,358
-3,506
1,949
1,734
-3,077
1,107
3,°80
-Q50
-50Q
3,211
367
10,407
-961
482
l,442r
340r
451J-
-7,393r
-5,710r
-2,436r
-10,337
-7,975
-l°8r
-424r
79r
-l,515r
-l,029r
10°r
2,590
-584
-1,467
-2,«°0
-421
-875
5 36
-'.112
n 1
25,151
-3,236
2,845
23,033
23,372r
14,849r
4,68ar
,='.10.-r
66.451r
12,°73r
68,040
57,749
-791r
5,714r
-7,014r
ll,292r
2,245r
-554r
12,°S1
7,38^
2,41°
2,664
5,554
9,475
-4,469
6,785
7,544
9,291
10,117
11,785
13,854
10,473
-
7,589
14,835
17.414
11,536
8,153
14,835
10,051
11.70°
17,414
12,04 3
8,652
11,670
12,688
14,603
°,02S
l-:,"i:.7
!•:.':■-
345,369
352,895.
370,094
397,305
425,435
457,317
474,235
533,188
520, 432
634,701
716,750
793,455
601, °7 3
610,672
520,432
624,546
533,328
634,701
537,603
644,539
553,543
653,907
563,348
66°. 207
671,023
671,023
24,399
14,249
12,510
12,153
10,894
11,109
12,012
10,943
10.953r
ll,677r
10', 290
8,895
10,924r
10,9olr
10,9';3r
ll,2g7r
ll,543r
11.677r
11,673
11,643
11,250
10,945
10,932r
10,934
10,883
10,883
79,140
87,661
97,723
105,140
113,559
125,381
140,194
147,225
151, 565
148,052
155,713
155,223
141,080
145,560
151,566
149, 5Vo
149,977
148,052
145,553
146,831
149 , 037
145,937
145,247
146,758
147,316
I./', 316
2°0,629
279,483
284,880
304,328
323,770
343,045
346,053
395,905
479,819r
498,325r
571,327
537,127
471,817r
475,972r
479,819r
486,257r
494,994r
498,325r
502,713
509,451
515,757
518,914
528,033
533,383
534,5°0
■^34,500
Footnotes on following page.
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS^p-
Footnotes to Table FFO-1.
Source: Monthly Treasury Statement of Receipts and Outlays or the United
States Government.
Note: Revised Current Budget estimates, released April 2, 1977, are y
available in detail for Net Budget receipts, outlays, and deficit.
Other estimates are based on the 1076 Budget Reviaions of the U.S. 2/'
Govemment, released February 22, 1977.
The Export -Import Bank was inoved within the Budget effect!'
1, l';i76 pursuant to Public Law 9^-646. Adjustments are made : ■. _
totals for the period It was outside the Budget (August 17, 1971 through
Septeinber 30, 1976). Also, adjustments are made to reflect certain
Export-Import Bank borrowing transactions now classified as agency debt. IQ/
These transactions were previously reported as off -budget negative
outlays.
For detail see Table FFO-2.
For detail see Table FFO-3.
As of July 31, l'^^, public debt outstanding has been adjusted to
exclude the notes of the Inteniatlonal Monetary Fund to conform with
the budget presentation.
For detail see Table FFO-6.
Current fiscal year to date transactions thr -, are
on the Dally Statement of the U.S. Treasury ip "ind 11/
are converted to accounting date basis at June l' rin-i r
Prior fiscal year amounts include transactions in transi ■
i/
2/
y
u
30. For amounts in transit see Table FFO-10 in the October 1974
Bulletin.
As of July 1974, balances shown under "Within general accounta of the
U.S. Treasury" are now presented In columns 9, 11, and 13.
Represents holdings of special drawing rights, less certificates issued
. Federal Reserve banks.
•presents activity of the International Monetary Fund.
Includes: public debt accrued Interest payable to the public, deposit
funds, miscellaneous asset and liability accounts, and as of July 1974,
the gold balance.
Includr>-- --• — ^ : increment of gold; fiscal 1969 conversions of
certar private ownership; fiscal 1970 reclassification
of Corr;. oration certificates of Interest; fiscal 1974
convertucir. oi" ir.tere^t receipts of Govemment accounts to an accrual
basis; and net outlays of off-budget Federal agencies. Also includes
rural electrification and telephone revolving fund since May 12, 1973,
Postal Service fund since July 1973, Federal Financing Bank since
July 1974, housing for the elderly or handicapped fxind since August
22, 1974, and Pension Benefit Guaranty Corporation since September
17, 1974.
For detail, see Table FD-6.
Revised. n.a. Not available. * Less than $500,000,
Jmu 19^7
FEDERAL FISCAL OPERATIONS_
Table FFO-2. - Budget Receipts by Source
(In millions oi dollars.)
Fiscal year
or month
budget
receipts
Income taxes
Individual
Withheld 1/ Other Refunds
Corporation
Net
income
taxes
1968
1969
1970
1971
1972
1973
1974
1975
1976
T.Q
1977 (Est.)
1978 (Est.)
1976-Apr
t'ly
June . . .
July. . ,
Aug
Sept, . .
Oct
Nov . . . .
Dec . . . ,
1977-Jan
Feb
Mar . . . ,
Apr , . . .
Fiscal 1977
to date. . .
15 i, 671
57,301
187,784
70,182
103,743
77,416
188,392
76,490
208,649
83,200
232,225
98,093
264,932
112,092
280,997
122,071
300,005
123,4a
81.77"
32,950
350,461
152,915
404,728
186,161
33,348
10,037
22,670
10,755
37,615
11,251
22,660
10,7^1
27,360
11,813
■1,751
10,406
21,018
10,694
25,608
12,201
20 , 472
12,179
2Q,977
11,OSO
24.327
11,40^
25.171
12,972
,0,016
11,804
20,951
27,258
26,236
24,262
25,679
27,019
30,812
34,328
35,528
6,809
39, 5Q1
35,955
12,723
573
5,275
1,018
542
5,240
564
375
678
6,141
1,154
2,710
14,581
26,212
9,527
10,191
13,240
14,522
14,143
21,866
23,952
34,013
27,367
958
43,589
42,894
7,512
5,171
490
540
267
142
163
41
194
13
4.045
0,550
7,725
68,7:6
87,249
90,412
86,230
94,737
103,246
118,952
122,386
131,603
38.801
148,917
179,222
15,248
6,157
16,037
11,201
12,088
15,513
11,005
12,535
12,663
18,108
8,515
6,131
18,660
87 , 708
29,89/'
38,338
35,037
30,320
34,926
39,045
a, 744
45,747
46,783
9,809
62,859
57,645
6,72"
1,396
10,391
1,885
1,111
6,812
1,874
1,185
7,838
2,007
1,311
9,131
8,461
31,807
1,232
1,660
2,208
3,535
2,760
2,893
3,125
5,125
5,374
1,348
5,677
6,000
380
301
372
422
554
846
486
205
313
363
412
488
28,665
36,678
32,829
25,785
32,165
36,153
38,620
40,621
41,409
•8,460
57,182
61,545
6,119
1,015
10,000
1,513
689
5,259
1,027
699
7,633
1.694
948
8,719
7,974
28,694
97,390
123,927
123,241
113,015
126,903
139,398
157,571
163,007
173,011
47,261
206,099
240,867
21,367
7,172
26,036
12,714
12,775
21,771
12,122
13,234
20,296
19,803
9,463
14,851
26,633
115,402
Social insurance taxes and contributions
Employment taxes and contributions
Unemployment insurance
Fiscal year
or month
Old-age, disability, and
hospital insurance
Railroad retirement accounts
Net
employment
taxes and
contributions
Gross
Refunds
Net
unemployment
insurance
Gross
Refunds
Met
Llross
Rel\mds
Net
1968
1969
1970
1971
1972
1973
1974
1975
1976
T.Q
1977 (Est.)
1978 (Est.)
28,672
33,955
38,600
41,237
45,559
54,166
65,015
74,075
78,792
21,4"5
90,561
103,109
7,932
Q,288
6,555
5,017
0,045
6,513
5,288
7,488
5,668
6,402
0,067
6,60d
8,081
40,670
263
505
385
518
4*7
479
535
360
408
441
502
408
28,409
33,351
38,214
40,719
45,111
53,687
64 , 481
73,715
78,384
21,475
90,120
102,607
7,932
9,288
6,147
5,917
9,045
6,513
5,288
7,488
5,668
6,492
0,067
6,596
8,981
40,670
815
885
920
981
1,009
1,190
1,412
1,490
1,525
328
1,860
1,855
79
203
145
20
283
25
21
287
158
18
290
162
18
056
1
*
1
1
*
•
*
1
814
885
919
980
1,008
1,189
1,411
1,489
1,525
328
~'1,850
1,855
79
203
145
20
283
25
21
287
158
18
290
162
18
n'.b
29,224
3A,236
39,133
41,699
46,120
54,875
65,892
75,204
79,909
21,803
, 91,980
'104,462
8,011
9,491
5,292
5,937
9,328
6,538
5,308
7,775
5,825
6,511
9,357
6,858
8,999
50,535
3,351
3,335
3,471
3,682
4,370
6,070
6,853
6,804
8,085
10,921
14,202
962
2.945
248
726
1,824
154
504
1,205
-26
348
098
127
1,307
';.464"
6
b
8
13
19
26
33
32
6
38
56
10
4
-0
3
1
1
1
1
1
1
12
17
3,346
3,328
3,454
3,674
4,357
6,051
6,837
5,771
8,054
2,698
10,883,
M,U6
1976-Apr.,., ,
Q52
May
2,940
254
723
1,822
153
503
1,205
-25
July
Aug
Sept
Oct
Nov
Dec
1977Jan
Feb
Mar
Apr
Fiscal 1077
to date
347
997
126
1,296
4,447
Footnotes at end of table.
4
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-2. - Budget Receipts by Source— Continued
(In
millions of dollars)
Socio
-
ritributionG - Continued
Excise taxes
Fiscal year
■ 'T
Net
social
insxirance
taxes and
contri-
butions
Mi::rellQneou..^
Airport and airway tr\jst I'und
or month
""""■
Cross
Refunds
Net
Gross
Refunds
Federal
supple-
Rientary
nedlcal
Insurance
Federal
employees
retirement
Other
retirement
Total
Net
1968
1969
1970
1971
1972
698
903
936
1,253
1,340
1,427
1,704
1,901
1,937
'in
2,143
;,i5:
IbO
159
157
178
183
177
1-3
181
181
178
180
180
178
1,2'2
1,334
1,426
1,735
1,916
2,058
2,14t
2,3ffi
2,513
2,7eO
705
2,944
2,958
220
216
254
225
275
205
209
257
219
280
225
242
227
1,669
20
24
29
37
39
41
45
52
54
13
55
55
6
4
4
4
5
4
5
3
7
4
4
6
4
34
2,C52
2,353
2,701
3,207
3,437
3,514
4,051
4,455
4,752
1,258
5,143
5,205
385
380
425
408
454
385
383
451
407
462
410
428
409
2,955
34,622
39,918
.'.5,298
.'.3 ,578
53,914
64,542
76,780
86,441
92,714
25,759
108,006
123, 8U
9,349
12.811
6, ■■71
7,06-?
11,514
7,077
6,199
9,432
6,207
7,320
10,754
7,413
10,703
9,827
10,681
10,519
10,643
10,552
9,995
9,884
9,550
10,753
2,564
10,239
10;602
377
746
-^6
836
829
849
303
831
943
730
748
712
877
127
95
167
133
1,055
158
la
150
141
44
146
149
-5
12
12
11
15
18
12
28
-3
12
10
15
12
85
9,700
10,585
10,352
10,510
9,505
9,836
9,743
9,400
1D,&L2
2,520
10,093
10,453
882
734
884
875
314
831
791
803
946
758
738
697
855
5,609
564
550
760
842
964
940
277
1,193 '
1,273
81
53
92
96
96
93
111
94
97
87
94
91
667
■2
1
2
2
1
2
1
2
2
1
1
#
1
553
649
758
840
962
938
1973
1974
1975
1976
T Q
1977 (Est.)
1978 (Est.)
1976-Apr
May
277
1,191
1,271
81
53
July
Aug
Sept
Oct
94
92
39
96
Hov
93
Dec
111
1977-,!an
Fei
Mar
94
97
87
Apr
Fiscal 1977
93
91
Fiscal year
or month
Excise taxes - Continued
liigh'ffay trust fund
Net
excise
taxes
Estate and gift taxes
Customs duties
Net miscellaneous receipts
Deposits of
earnings by
Federal
Reserve
banJcs
All
other
1968
1969
1970.....
1971
1972
1973
1974
1975
1976
T.a
1977 (Est.)..
1978 (Est.)..
1976-Apr
May
June. , .
July. . .
Au;: ,
Sept...
Oct
Hov
Dec... .
1977-Jan
Feb
)*ir
Apr.. ..
Fiscal 1977
to date ....
4,4'-'-:
4 8"- 1
5,635
5,818
6,384
6,334
5,565
1,6V7
6,794
7,005
496
545
523
543
ill.
560
524
594
./■3
48;-
^0/.
5'..
114
224
32
123
313
153
123
145
152
_ 1
139
148
106
2
13
4,37.9
4,537
5,354
5,542
5,322
5,665
6,260
6,188
5,a3
1,676
19
12
98
5^555
5,857
390
543
511
543
5''?
473
583
470
492
436
3,580
14,079
15,222
15,705
16,514
15,477
16,260
16,844
15,551
16,963
_4,_473_
17,939
3,082
3,530
3,680
3,784
5,490
4,976
5,101
4,688
5,307
1,485
18,581
1,353
1,329
1,489
1,510
1,476
1,486
L , .'.08
1,517
1,513
1,447
1,294
1,283
1,392
9,854
A002_
,935
397
495
450
463
555
467
505
513
1,897
636
389
4,944
31
39
35
49
54
59
56
77
91
31
100
100
10
6
7
9
8
14
9
7
11
13
3,051
3,491
3,644
3,735
5,435
4,917
5,035
4,611
5,215
1,455
1,9Q9
5,835
387
489
442
454
547
453
417
1,S9G
525
376
2,113
2,387
2,494
2,657
3,394
3,308
3,444
3,782
4,209
1,243
4^870
5,446
370
359
432
399
404
440
358
/.04
356
475
407
75
58
64
66
107
120
110
106
134
31
150
160
13
10
11
IC
10
11
1.'
12
14
9
9
14
2,038
2,319
2,430
2,591
3,287
3,188
3,334
3,676
4,074
1,212
4,720
■:,?««
357
349
421
392
412
381
347
466
393
2,091
2,562
3,266
3,533
3,252
3,495
4,845
5,777
5,451
1,500
5,000
6,400
'503
473
478
487
502
511
4"C
503
501
478
460
■,4le
400
247
158
325
380
426
523
935 2/
2,576i/
112
704
841
32
56
1,777
37
49
26
38
50
42
43
44
74
58
2,491
2,908
3,424
3,858
3,633
3,921
5,369
6,7U.
8,028
1.613
J'.TSti.
7,241
535
528
2,255
524
552
537
527
553
542
521
558
534
517
i.764
Source: Monthly Treasury Statement of Receipts and Outlays of the
United States Government.
Note: Budget estimates arc based on the Revised Current Budget estimates
released April 2, lo77. Estimates in detail are not available and are
based on the 1978 Budget Revisions, released February 22, I077.
i/ Includes individual income taxes designated for the Presidential
election campaign fund. Prior to February 1974, these taxes were
■■.. li-.ied In "Other".
2/ Includes $.;42,615 thousand in fees for licenses to import petroleum
and petroleum products.
2/ Includes $1,670 million In fees for licenses to Import petroleum and
petroleum products.
• Less than $500,000.
jinie nr?
.FEDERAL FISCAL OPERATIONS.
cn
O
Ql
ID
o
GO '
I— cn
LU (TJ
q:
o
Q
Z)
CQ
>-
CO
o
o
CO
.FEDERAL FISCAL OPERATIONS,
Treasury Bulletin
Table FFO-3. - Budget Outlays by Agency
of dollars)
Fiscal ywar
or month
Leg is- The
Executlv*
Office
of the
Presldem President
Funds ap-
propriated
to the
Agricul-
ture De-
partment
Commerce
Depart-
ment
Defense Department
Military
Health,
Education,
i Welfare
Department
Housing &
Urban De-
velopment
Departmeni
Interior
Departs
ment 2/
Depart-
ment
Depart-
ment
1968 ,
1969
1770 ,
1971 ,
1972
1973 ,
197A
1975
1976
T.Q
1077 (Fst.)
1978 (Est.)
1976- Apr...
Maj...
June..
July..
Aug...
Sept..
Oct...
Nov...
Dec . . .
1977- Jan...
Feb...
Mar...
Apr.. . .
Fiscal 1977
to date
1,016
1,102
43
73
71
53
c)9
325
85
398
440
61
25
35
46
234
43
4,913
4,967
4^540
4,269
3,733
4,015
3,572
3,525
1 ,221'
:,25i
' ,572
- 176
493
-223
-574
-891
336
510
384
35
7,307
8,330
8,307
8,560
10,943
10,028
9,767
9,725
12,796
3,850
15,963
17,012
475
982
1,875
1,165
1,372
1,286
1,705
1,825
10,210
807
854
1,028
1,188
1,250
1,368
1,455
1,583
2,020
534
3,073
4,799
162
151
239
178
159
197
131
191
201
L45
135
167
186
77,
77,
77,
74,
75.:
73.
77,
85,...
88,036
21,926
96,2
109.
8,076r
6,951
7,622
7,246
6,826
7,855
7,244
7,820
8,305
8,004
7,907
8,146
7,745
55,171
1,121.
583
153
164
204
158
209
206
194
218
171
182
116
111
1,151
40,576
l.b.'i'il,
52,336
61,866
71,779
82,042
93,735
112,411
1281785
34,341
147,713
164,148
11,131
10,485
11,319
11,234
11,318
11,783
11,635
11,983
11,968
11,918
12,136
12,458
12,318
84.417
4,140
1,529
2,603
2,890
3,642
3,592
4,786
7,488
7,079
1,397
6,798
8,934
1,125
-134
406
110
399
590
517
409
583
510
3,118
235
837
1,136
225
1,256
-2,236
-4,881
2,162
2,293
788
3,394
3,471
253
280
255
248
240
277
171
216
212
302
1 666
430
515
640
916
1,180
1,531
1,797
2,067
2.242
551
2,421
2,42:
194
172
193
a5
154
181
199
194
a5
213
165
203
195
1.385
3,272
3,475
4,356
7,923
10,033
8,639
8,966
17,649
25.742
5,Qtl5
2,107
1,883
2,035
1,909
2,215
1,782
1,459
1,738
1,931
2,010
2,038
2,313
1.831
1,320
Fiscal year
or month
State
Depart-
ment
Transpor-
tation
Departmen-
Treasury
Department
Interest
on the
public
debt i/
Other
i/
Energy
Re-
search
and
Derip.
Admin.
Environ-
mental
Protection
Agency
General
Services
Adminis-
tration
National
Aero-
nautics
and
Space
Admin,
Veterans
Adminis-
tration
Other
independ-
ent
agencies
1/
Undistributed Offsetting
Receipts 2/ ^
Rents and
Royalties
on the Outer
Continental
Shelf lands
1968.
1969.
1970.
1971.
1972.
1973.
1974.
1975.
Vffb.
T.Q. .
19-
197«-Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec. .
1977-Jan.
Feb.
Mar..
'local 1977
to date.
424
437
448
458
558
591
730
844
1.061
316
1,174
1,245
67
42
:-'o
233
50
34
116
30
12«
111
132
ru
5,732
5,970
5,417
7,247
7,531
8,183
8,112
9,247
11,936
3,003
12,561
U,952
1,056
718
1,234
945
985
1,072
1,010
1,331
1,127
993
781
872
897
7.021
14,573
16,588
19,304
20,959
21,849
24,167
29,319
32,665
37,063
8,102
41,900
44,468
2,6001
3,223
3,143
3,754
2,862
1,486
2,870
3,065
6,421
2,881
2,774
2,754
2,878
23,643
82
336
206
31
275
6,792
6,674
8,512
7,272
1,598
8,945
9,155
1,950
310
-194
1,342
203
52
1,873
225
-154
1,808
250
335
2,318
6.531
2,456
2,450
2,453
2,275
2,392
2,393
2,307
3,198
3,759
1,051
5,075
6,419
322
339
457
233
336
482
267
'42
422
326
366
380
409
2,512
701
763
1,114
2,032
2,530
3,118
1,108
4,997"
6,073
268
21°
439
338
331
274
412
353
312
284
458
285
2,379
Source: Monthly Trcasur;,* Statemen- of Receipts and CKjtlays of the
United States Government. Budget estimates are based on the Revised
Current Budget estimates, released April 2, 1977.
Note: Oltlays consist of disbursements less proprietary receipts from
the public and certain I ntrabudgetary transactions. Agency shifts are
shown In this table beginning with the period of such shifts; figures
prior to the shifts have been adjusted.
The Export-Import Bank was moved within the i-. • ive
October 1, 1976 pursuant to Piibllc Law 93-646. A-d. ■ made to
include totals for the period It was outside the :-. :t 17, 1971
through September 30, 1976). Also, adjustments are nade to reflect
certain Export-Import Bank borrowing transoctlonc now classified as
agency debt. These transactions were previously reported aa off-budget
4,721
4,247
3,749
3,381
3,422
3,311
3,252
3,267
3,670
953
293
279
285
3V,
359
250
368
359
345
275
321
352
322
5,858
7,559
8,553
9,756
10,710
U,968
13,337
16,575
18,415
3,957
18,163
18,819
7,337
4,890
7,245
8,879
10,031r
ll,997r
14,174r
18,759r
19,132r
5,800r
20,679
25,887
-127
25
71
-130
101
32
-101
74
102
-181
-3
83
-201
-227 2,342 11.071
negative cytlays.
1,618
l,897r
1,569
l,561r
1,254
l,471r
X^il
2,147r
1,385
l,3Ur
1,222
2,339r
1,382
3,613
1,723
1,575
1,459
1,596
i.':i40
1,1-7
1,574
125
1,611
1,6C4
1,^83
1,749
11.536
-2,428
-2,662
-IJll
-2,300
-2,70C ■
-.-.14
-4f-5
-45
-64
-289
-958
-71
-120
-353
-61
-70
-82
-57
-815
-4,499
-5,117
-6,380
-7,375
-7,858
-8,379
-9,893
-11,670
-12,042
-1.255
-12,767
-12,109
-a9r
-953
-1,323
-1,072
-924
741
-365
-539
-3.854
-399
-518
-377
-418
-6,471
178,833
184,548
196,588
211.425
232.021r
247,074r
269,621r
326,105r
366,456r
94,746r
408,191
462,581
32,557r
28,393r
30,601r
33,952r
29,505r
31,189r
34,000
33,083
31,891
32,640
30,880
34,646
35,547
232,687
i/
1/
2/
locEiuletlve year to date fiRures n»y not add due to budget realigoents.
Prior to January 1975, Rents and Royalties on the Outer Continental
Shelf lends were shewn as proprietary receipts from the public for the
Interior Department. To conform with the FY 1976 Budget Document's
presentation, these amounts were reclassified and are now being shown
as undistrlNiTpii offR<>+tInf; receipts.
Reported ' : r,.
Pursuant , -9, the activity for the Atomic aiergy
conmisplc: .ar regulatory and reactor safety research
was transferred '.^ t-l.c jj.crgy Research end Development Adndni strati on.
For content see Table FFO-i.
Revised,
Ji/uc IT 7
.FEDERAL FISCAL OPERATIONS.
Table FFO-4. - Undistributed Offsetting Receipts
(In millions of dollars)
Fiscal ye ax
or month
Federal employer contributions to retirement funds
Health, Education
and Welfare Dept.
Federal Old-Age
Disability, and
Hospital Insurance
Civil Service
Commission
Civil Service
Retirement and
Disability Fund
Other
1/
Interest credited to certain Government accounts
Defense
Department
Soldiers '
Airmen ' s
Home
Permanent
Fund
Health, Education, and Welfare Department
Federal Old-Age
and Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
Federal
Supplementary
Medical
Insurance
Trust Fund
1968.
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976.
T.Q...
1977 (Est.).
1978 (Est.).
1976-Apr
May ....
June. . . ,
July...,
Aug
Sept
Oct
Nov
Dec
1977- Jan
Feb
Mar
Apr
Fiscal 1977
to date ....
510
611
728
727
742
816
911
1,082
1,138
2o^
1,169
1,293
106
107
108
97
102
95
85
87
92
09
99
96
1,310
1,401
1,709
1,876
2,018
2,101
1,756
1,918
2,080
592
2,219
2,228
168
165
181
175
271
147
158
1 ="1
170
l'J5
179
1.242
10
652
980
1,024
99
1,203
1,132
49
49
449
50
1
43
48
60
1,825
2,018
2,444
2,611
2,768
2,927
3, ao
1,980
4,242
985
4,591
4,653
322
320
73'-*
321
374
290
292
323
340
1?0
894
1,009
1,346
1,617
1,718
1,848
2,039
2,296
2,346
80
2,320
2,162
56
25
987
6
56
17
37
69
951
58
16
40
81
140
221
324
388
435
479
512
467
13
384
253
3
5
200
4
2
11
17 ■:
94
138
183
190
198
406
607
708
778
854
2
2
359
2
1
1
2
4
365
2
5
4
5
21
23
12
17
29
43
77
104
104
118
ISO
1
1
44
1
1
2
1
2
47
1
4
5
5
05
Intere
It credited to
certain Government accounts-
-Continued
Rents and
royalties
on the Outer
Continental
Shelf lands
i/
Labor
Department
Transportation
Department
Veterans Administration
Civil Service
Commission
Railroad
Retirement
Board
Other
2/
Total
Fiscal year
or month
Government
Life
Insurance
Fund
National
Service
Life
Insurance
Fund
Grand
total
Unemployment
Trust Fund
Highway
Trust Fund
Civil Service
Retirement and
Disability
Fund
1968
439
517
601
637
496
487
650
639
283
55
354
22
5
44
45
10
7
28
43
1
38
-6
14
126
34
53
115
184
205
247
415
585
587
11
i05
663
1
1
279
2
6
6
9
17
249
1
1
1
2
27Q
32
32
31
31
32
31
31
31
31
31
33
15
*
16
15
211
225
245
271
292
309
338
368
398
8
433
475
1
192
2
6
1
205
6
2
216
706
805
987
1,232
1,464
1,566
1,838
2,136
2,463
71
2;750
3,182
6
40
1,1U
3
65
4
8
42
1, 302
3
63
8
10
1,435
181
191
215
251
258
2b2
257
274
246
lb
235
235
2
91
1
1
12
2
5
13
91
3
11
1
12?
9
8
20
14
12
2 3
40
130
162
106
242
Ir
463
-2,651
732
34s
-1,077
1
2
92
1
1
1
2,674
3,099
3,936
4,765
5,089
5,452
6,574
7,690
7,800
270
8,176
8,607"
a6r
633
584
751
550
-1,030
74
187
3,546
20
196
37
86
4.147
2,428
2,662
1.311
2,300
2,700
414
495
45
64
239
958
71
120
353
61
70
8^
f,7
815
4,499
5 117
1969
1970
5,380
1971
1972
1973
8,378
9,893
14,098
14,704
1974
1975
1976
T.Q
1977 (Est.)
2,567
15,057
1978 (Est.)
15 950
1976-Apr
833r
1,449
May
1,368
July
1,136
1,213
Sept
217
Oct
436
Not
659
Dec
4,207
1977-Jan
460
Feb
588
Mar
459
Apr
475
Fiscal 1977
to ''ate
7,286
1
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Note: Budget estimates are based on the Revised Current Budget estiioates,
released April 2, 1977, Other estimates are not available in the
necessary detail and are based on the 1978 Budget, released
January 17, 1977,
1/ Includes receipts froro off-budget Federal agencies to the Civil Service
Retirement and Disability Fund as of May 1974.
2/ Beginning fiscal 197A, includes adjustments of interest on public debt
issue to convert to the accrual basis. Also includes Indian tribal
funds. Interior Department, Judicial survivors annuity fund, State,
foreign service retirement and disability fund, and Airport and Airway
trust fund.
2/ Prior to January 1975, Rents and Royalties on the Outer Continental
Shelf Lands were shown as proprietary receipts from the public for
the Interior Department. To conform with the FY 1976 Budget Docu-
ment's presentation, these amounts were reclassified and are now
being shown as undistributed offsetting receipts. As a- result, the
detail will not add to the Fiscal Year l'^?^ totals.
* Less than $500,000.
r Revised.
8
.FEDERAL FISCAL OPERATIONS.
Treasury Bulletin
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10
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-6. - Investment Transactions of Government Accounts in Federal Securities (Net)
(In millionB of
dollars)
Health, Education, and Welfare Department
Housing and Urban Development Department
Labor Department
Fiscal year
or month
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust
Fund
Federal
Hospital
Insurance
Trust Fund
Federal
Supple-
mentary
Medical
Insurance
Trust Fund
Other
Federal
Housing
Adminis-
tration
Government National
Mortgage* Assn.
Federal
Insurance
Adjninis-
tratlon
Other
Unemploy-
ment Trust
Fund
Partici-
pation
Sales
Fund
Other
Other
lot*'
1,5S4
2,898
3,953
1 ,27.;
2^175
-1,924
-an
-1.733
- 2 , 26s'
693
1,371
-I,?':"'
1.34"
-l,01i3
-1,T>I.
-170
257
-1,125
35
250
841
-1,707
591
1,121
1,342
1,263
934
792
391
-37
-1,227
-477
-1,036
C'6
4
-83
-254
-152
-72
-3?0
-349
2=
-134
-240
-103
-2a
-1,257
87
590
693
377
-146
1,338
3,642
1,897
1,181
67
227
3,222
27
-123
463
-236
-n
316
-291
365
-262
-8
845
-181
76
-197
77
-345
244
221
222
531
148
-148
14
392
1,064
-36
-55
-60
93
95
-1":!
^■\)
73
451
6
103
50
11
773
*
-1
135
165
131
128
109
31
63
200
118
28
151
160
2
3
38
-10
6
-6
-43
43
31
-5
37
11 ■•
470
465
-369
197
-202
299
184
223
261
27
-107
-357
-5
56
30
-37
16
47
-5
54
-4
-253
9
32
-31
-20?
-7
-8
-8
-6
-8
-4
1
12
29
2
-24
-19
1
-*
2
»
1
3
-2
3
7
-2
1*
32
28
14
1
6
5
-8
12
2
2
2
-5
3
-3
1
-4
-10
-3
2
5
9
15
8
7
-47
9
10
1
i
1
3
1
-50
1,146
938
488
-1,747
-1,428
1,144
1,165
-4,938
-2,373
104
300
3,900
-19
2,719
-1,023
-256
1,026
-667
-32
565
-707
-927
59
-667
460
-1,248
1069
197C'
1971
1972
1Q7'=
1974
1975
1976
T.a
1977 (Est.)
1978 (Est.)
1076-Apr
May
June
July
Aug
Sept
Oct
Nov
7
-1
7
-1
Dec
1977-Jan
-
Feb
Mar
-
Apr
Fiscal 1977
-1
Fiscal year
or month
Transportation
Department
Airport
and
Airway
Trust Fund
Highway
Trust Fund
Treasury
Department
Veterans
Administration
National"
Service
Life In-
STirance
Civil
Service
Commission
Federal
Deposit
Insurance
Corpora-
tion
Federal
Savings
and Loan
Insiu-ance
Corpora-
tion
Postal
Service
Railroad
Retire-
ment
Board
All
other
1968
1969
1970
1971
1972
1973
1974
1975
1976
T.Q
1977 (Est.).
1978 (Est.).
1976-Apr
May
June, .,,
July....
Aug
Sept
Oct
Nov
Dec
1977-Jan
Feb
Mar
Apr
Fiscal 1977
to date
878
1,058
593
183
522
403
44
18
130
59
61
63
57
71
116
40
63
61
464
257
534
1,089
1,033
822
1,094
2,049
1,937
-505
-79
1,218
356
50
184
79
35
-121
8
-128
-93
155
170
152
173
130
-589
-747
-5
1,380
1,201
353
-566
-920
56
40
-8
1
-2
23
15
2
-1
208
293
4
-32
-21
145
224
5
86
83
62
272
178
111
215
25
296
133
-1
-1
184
12
13
1
7
5
195
-U
-10
-24
-147
122
873
258
29
1,975
313
14
1,960
328
20
2,932
180
29
3,123
438
26
3,337
537
30
3,669
225
27
4,635
404
42
5,253
470
»
-755
-128
47
7,182
883
46
5,753
371
-1
-261
-25
-2
-284
71
34
6,127
21
3
-374
-U
-1
-66
16
-1
-315
-133
-3
-322
24
-2
-127
i"
38
958
1
-173
-3
-165
4 !-■
-5
-230
1
18
-330
18
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Govemncnt. Budget eetimat";^ '.r.> !.^tsed on the 1978 Budget of the
U.S. Covemnent, released Januar:.-
Note: Figures may not add due t
• Leas than $500,000.
265
283
173
196
148
257
378
316
368
135
310
401
19
-9
22
42
80
13
12
111
16
1,370
-280
-292
-90
125
599
-151
-920
-283
287
-415
389
-202
412
1,517
-170
245
-300
-155
232
-191
1,228
135
59
268
-9
-110
24
-60
-290
-246
-660
50
23
-180
-U6
1,212
-293
-38
-329
-192
220
-rl
-?/7
-34
-164
-304
-833
-21
-204
237
-U5
26
67
110
165
2,030
-1,682
220
236
26
35
-78
59
1,719
-20
52
73
69
-5
4
29
5,320
8,522
10,062
7,417
8,420
11,821
14,813
7,031
4.341
-3,5U
8,346
12,748
53r
4,581
5,905
-1,990
401
-1,925
-1,489
268
2,205
-3,099
310
510
558
-737
fmie nr?
.FEDERAL FISCAL OPERATIONS,
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12
Treasury Bulletin
.FEDERAL OBLIGATIONS.
"Obligations" are the basis on which the use of funds
is controlled in the Federal Ctovernment . They are recorded
at the point at which the Government makes a firm commitment
to acquire goods or services and are the first of the four
key events — order, delivery, payment, consumption — which
characterize the acquisition and use of resources. In gen-
eral, they consist of orders placed, contracts awarded, ser-
vices received, and similar transactions requiring the dis-
bursement of money.
The obligational stage of Government transactions is a
strategic point in gauging the impact of the Government's
operations on the national econonor, since it frequently rep-
resents for business firms the Government commitment which
stimulates business investment, including inventory purchases
and employment of labor. Disbursements may not occur for
months after the Government places its order but the order
itself usually causes imnediate pressure on the private
economy .
ObliRations are classified according to a uniform set
of categories which are based upon the nature of the trans-
action without regard to its ultimate purpose. All payments
for salaries and wages, for example, are reported as per-
sonnel compensation, whether the personal services are used
in current operations or in the construction of capital items.
Federal agencies and firms often do business with one
another; in doing so, the "buying" agency records obligations,
and the "performing" agency records reimbursements . In Table
FO-1, obligations that are incurred within the Government are
distinguished from those incurred outside the Government.
Tables FO-2, 3, and h show only those incurred outside.
Obligation data for the administrative budget fund ac-
counts were first published in the September I967 Treasury
Bulletin and the trust fund accounts were first published in
the October I967 Bulletin. Beginning with the April I968
Bulletin, the data are on the basis of the budget concepts
adopted pursuant to the reconmendations of the President's
Commission on Budget Concepts.
ne December 1976 through April 1977 obliEations data are not included
in this issue due to certain unavoidable delays in processing.
This data irlll be published In subsequent Bulletins.
jinunn
.FEDERAL OBUGATIONS.
13
Table FO-1. - GrosB Obligations Incurred Within and Outside the Federal Government
by Object Class, November 30, 1976
(In millions of dollars)
Object class
Gross obligations incurred
Pgrsonal services and benefits
Personnel compensation
Personnel benefits
Benefits for former personnel.
Contractual services and sutipHes
Travel and transportation of persons.
Transportat ion of things
Rent, connminications, and utllltlea..
Printing and reproduction
Other services
Supplies and materials
Acquisition of capital assets
Equipment
Lands and structures
Investments and loans
Grants and fiti-A charfes
Grants, subsidies, and contributions.
Insiirance claims and indemnities
Interest and dividends
Refunds
Other
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered
E,57«
1,599
279
304
616
67
8,2:>2
5,215
3,455
849
2,253
13,623
23,296
*,985
181
492
1,180
14
121
354
578
79
3,052
2,038
530
31
18
4l5
278
Gross obligations incurred 1/.
75 , 710
8,574
1,279
1,599
400
657
1,194
146
11,284
7,253
3,995
880
2,272
13,644
23,332
6,620
181
907
1,458
'4
Source; Reports on Obligations, Standard Form 225, from agencies.
1/ For Federal Budget presentation a concept of "net obligations
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Qovemwart ogenclee without appro-
priation action by the Congrese. Smnnary figures on this basis
follow. fThls data is on the basis of Reports on Obligations
received from the agencies prior to reports submitted for Budget
presentation and therefore may differ somewhat from the Budget
document.)
Gross obligations incurred (as above)
Deduct;
Advances, reimbursements, other income, etc
Offsetting receipts
Net obligations incurred.
Table FO-2. - Grau ObbgationB Incurred Outside the Federal Government by Major Function
and M^or Object Class, November 30, 1976
,006
(In millions of dollars)
Major function
Major object class
I^raonal
acrvlcea
and
benefits
Contractual
services and
supplies
Acquisition of capital assets
Equipment
Lands and
structures
Investments
and loans
Grants
and
fixed
charges
National defense
International affairs
General science, space, and technology.
Natural resources, environment, and
ener^
Agriculture
Commerce and transportation
Community and regional developoent
Education, manpower, and social service
Health
Income security
Veterans ^^nefits and services
Law enforcement and Justice
General government
General revenue sharing
Interest
Total
« Less than $500,000.
7,240
86
135
474
103
530
85
118
191
454
590
201
472
10,641-'
10,032
192
802
1,207
111
332
50
164
558
477
200
88
493
14,713
3,305
2
14
43
1
49
1
32
2
381
2
15
313
3
96
10
22
3
1
21
311
4^6
435
2
16
6
21
30
234
26
5 34
274
6S2
773
3,175
4,233
21,212
2,308
504
as
1,101
77
-1
40
460
15
14
2
22,088
1,517
993
2,591
843
2,586
1,368
3,464
5,001
.22,149
3,687
801
1,030
2,840
4.7??
75,710
14
Treasury Bulletin
.FEDERAL OBUGATIONS.
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jum'l977
15
.FEDERAL OBUGATIONS.
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16
Treasury Bulletin
.ACCOUNT OF THE U.S. TREASURY.
Source and Availability of the Balance in the Account of the U.S. Treasury
The working cash of the Treasury is held mainly in
'Treasury's accounts with Federal Reserve banks and branches.
As the balances in these accounts become depleted, they are
restored by calling in (transferring) funds from the tax and
loan accounts with thousands of commercial banks throughout
the country.
Deposits to tax and loan accounts occur in the normal
course of business under a uniform procedure applicable to all
banks uhereby customers of banks deposit with them tax pay-
ments and purchase of Government securities.
In most ca." ..., .a. ...action involves merely the transfer of
money from a customer's account to the tax and loan account in
the same bank. On occasions, to the extent authorized by the
Treasury, banks are permitted to deposit in these accounts
proceeds from subscriptions to public debt securities entered
for theiP own account as well as for the account of their
customers.
The tax and loan account system permits the Treasury to
leave funds in banks and in the communities in which they arise
until such time as the Treasury needs the funds for its opera-
tions. In this way the Treasury is able to neutralize the
effect of its fluctuating operations on bank reserves and the
economy .
A detailed description of the Treasury's depositary system
may be found in the Annual Report of the Secretary of the
Treasury for 1973, pages 282-285.
Table UST-1. - Status of the Account of the U.S. Treasury
(In millions of dollars'
Treasury operating balance 1/
Funds in process
of collection
through:
Time deposits
and other
interest-
bearing
demand
accounts
Other
demand
accounts
i/
Coin
cxirrency
and coinage
metal
Miscel-
laneous
items
Gold
balance
2/
End of
Available funds in
demand accounts at:
Total
2/
Balance in
fiscal year
or nonth
Federal
Reserve
banks
Special
depositaries.
Treasury tax
and loan
accounts
Other
deposi-
taries 2/
Federal
Reserve
banks
Other
deposi-
taries V
account of
the U.S.
Treasury
1968
1,074
1,258
1,005
1,274
2,344
4,038
2,919
5,773
11,975
13,299
6,746
11,975
8,741
10,794
13,299
10,239
6,766
10,393
11,397
12,179
7,149
13,628
5,836
4,113
4,525
6,929
7,372
7,634
8,433
6,152
1,475
2,854
4,119
1,407
2,854
1,3U
907
4,119
1,799
1,891
• 1,277
1,292
2,420
1,874
4,135
1.156
139
106
88
343
7
7
7
-
5,298
5,894
8,045
8,755
10,117
12,576
9,159
7,591
14,836
17,418
8,159
14,836
10,054
11,702
17,418
12,038
8,657
11,670
12,688
14,599
9,023
T7 7AT
352
393
355
a9
252
243
276
369
235
184
163
235
135
US
184
168
218
70
2U
211
205
489
153
179
117
135
76
55
-18
56
55
-8
.14,
-18
-18
-36
-34
-18
-15
-97
67
-46
ICC.
lie
218
187
54
41
19
35
70
195
40
70
74
79
90
93
92
90
89
103
126
125
125
127
127
105 6/
1,188 y
227
727
1,227
227
225
325
135
768
553
277
441
471
586
602
752
819
818
852
819 .
787
741
818
767
784
760
796
808
746
729
716
86
104
121
108
129
70
54
46
50
46
50
-3
-2
-4
111
112
111
109
107
107
106
-
6,694
7,104
9,016
9,911
11,310
13,7a
10,352
6 868
1969
1Q7D
1071
1072
1Q73
1074
: -75
176
16,065
18,597
9 316
;.a
1976- Ifey
June
16,065
11,167
12 751
July
Aug
Oct
U,237
9,<M4
13,288
15 002
Nov
Dec
1977-Jao
Feb
15,937
10,229
19,499
Mar
Apr
My
Sour---'?: Bureau oC Goverraaent Financial Operations.
i/ Effective January 1972, the Treasury operating balance excludes the
gold balance in Treasury. 5/
2/ Represents deposits in ccrtalr raries that have been
converted fros a tine deposit : •- basis to penult fi/
greater flexibility in Treasur^ .--i.i.
2/ Will not agree with Dally Tren -nt due to rounding. 2/
i/ Repre;»ontg f^mds !n proroeg oi' hy (a) the U.S. Treasury
■i: " - " ' » ■ iuthorized to defer credit •
until checks are collected. Data prior to January 1972 Included In
"miscellaneous items" colucm.
Represents demand deposits in National, Foreign, and other bank deposi-
taries previously Included in time deposits.
Includes monetary assets In transit between Federal Reserve banks and
other depositaries.
The free gold balance can be readily converted to available funds with
Federal Reserve banks.
Less than $500, CXX),
June 19^7
17
.ACCOUNT OF THE U.S. TREASURY
Table UST-2. - Analysis of Changes in Tax and Loan Account Balances
i In millions of dollars!
rredits
With-
drawals
Balance
proceeds from sales of securities 1.
Taxe:
Total
credits
End of
period
IXjring period
Fiscal .year
or month
Savings
bonds
and
savings
notes 2/
Retire-
ment
plan and
tax and
loss
bonds 2/
Tax
antici-
pation
securities
Other
Withlield,
excise
and cor-
poration ^
Income (by
special
arrange-
ment) 5,
High
Low
Average
1968
2,t73
2 , 59^
2,573
2,844
3,309
3,261
3,095
3,36*.
3.676
•no
361
33b
299
315
318
277
280
283
309
''5^
341
369
351
34^'
9
Q
9,538
10,408
13,043
6,954
6.443
4,413
8,255
1,'14
9,576
5,417
3,640
12,421
9,369
6,158
817
1.333
90,791
123,906
132,460
131,121
145,797
171,828
197,091
218,149
225,201
58,457
22,239
17,860
26,543
17,613
18,474
22,370
17,032
17,730
24,300
18,583
18,532
26,722
25,905
20,583
-
112,533
142,333
151,721
153,346
164,920
r:'5,6b9
:'UC).267
224,412
228.877
22,000
18,196
26,842
17,928
18,792
22,647
17,312
18,013
24,609
18,938
18,873
27,091
26,256
20,928
112,741
141,921
149,317
152,900
164,645
184,874
211,545
229,090
227,494
58.10'.
23,410
18,518
25,387
19,472
19,190
19,443
19,625
17,932
25,218
18,924
17,740
27,637
23,995
23,914
4,113
4,525
6,929
7,372
7,634
8,433
6,152
1,473
2,856
4,118
368
1,401
2,856
1,312
914
4,118
1,805
1,886
1,277
1,291
2,424
1,878
4,139
1,153
8,004
9 , 720
7,990
8.532
10.251
10,854
9.340
7,249
4,260
4,45b
3,233
2^789
4,260
2,519
2,912
4,456
2,319
2,627
4,229
2,891
3,023
5,860
6,286
4,771
1,029
709
894
846
1,737
800
520
67
287
457
693
351
290
287
341
610
300
335
30'-
371
300
198
^19
4,191
4,329
4,022
5,146
5,648
5,644
3,913
1,853
1,394
1,578
1,410
1,501
1,793
1,200
1,469
^,066
1,519
1,534
1969
1970
1971 .•.. .
1972
1973
1974
1975
1976
T.Q
1976- Mar
197f^May
July
Aug
Sept
Oct
Nov
1977-Jan
1,402
1,406
1,475
1,940
Feb
Mar
Apr
May
Source: Office of Plecai AaeiGtant Secretary; figures are on basis of
telegraphic reporta .
1/ Special depositaries are permitted to maite paorment in the form of a
deposit credit for the purchase price of U.S. Government securities
purchased by them for their cm account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting sub-
scriptions to the ieeuee .
2/ United States savings notes first offered for sale as of May 1, 1967
and were discontinued after June 30, 1970.
2/ Retirenjent plan bonds first offered for sale as of January 1, 1963;
tax and loss bonds flret iesyed in March 1968.
^ Taxes eligible for cwdlt confllet of those deposited by taxpayers in
y
w
the depositary banks, as follows: Withheld income taxes beginning
March 19^8; taxes on eraplpyers and employees under the Federal Insur-
ance Contributions Act beginning January 1950, and under the Railroad
Retirement Tax Act beginning July 1951; a number of excise taxes
beginning July 1953; estimated corporation income taxes beginning
April 1967; all corporation incotne taxes due on or after March 15, 1968
and FUTA taxes beginning April 1970.
Under a special procedure begun in March 1951, authorization was given
during certain periods for income tax payments, or a portion of them
made by checks of JlOjOOO or more drawn on a special depositary bank,
to be credited to the tax and loan account in that bank. This proce-
dure was discontinued in April 1967.
Credits erroneously allowed in one Federal Reserve district.
18
Treasury Bulletin
ACCOUNT OF THE VS. TREASURY.
Table UST-3. - Gold AsBets and Liabilities of the Treasury
(In millions of dollars except ounces)
End of calendar year or oonth
^old assets 1.'
Gold liabilities i/'
Balance of gold In
U.S. Treasury account
Ounces
CollarE
19f7
342,331,278.6
296,199,012.3
296,202.404.6
274,cV'J^lb7.S
276. 112, 6?'. 9
275,430,016.9
11,982
10,367
10,367
10,732
10.132
io,ao 2/
11,567 i/
11,652
U,599
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,658
11,650
11,636
11,636
11,629
10,256
10, 256
10,623
10,019
10,303
11,460
11,652
11,599
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,658
11,650
11,636
11,636
11,629
U2
111
112
109
113
107
107
1963
1969
1970
1Q71
1972
1973
1974
1975
1976-May
July
Aug
Sept
Oct
Nov
Dec
1977Jan
Feb
Mar
Apr
May
Source: Daily Treasury StatenKnt through June 1974; Bureau of Gcvemnent
Financial Operations thereafter.
1/ Treasury gold stock which excludes gold held by the Exchange Stabili-
zation Fund (ESF). See "International Financial Statistics," Table
IFS-1.
2/ Consists of: fold certificates {Series 1934) Issued only to Federal
Reser/e banks; gold certificates fund-Federal Reserve System; gold
deposited by and held for the International \tonetar^' Fund from Sep-
tember 19, 1955, through Februa^f 15, 1972; redemption fund for Fed-
eral Reserve notes until March 18, 1968, when it was combined with the
gold certificate fund pursuant to P.L. 90-269, approved March 18,
1965, and gold reserve against U.S. notes until March 18, 1968, when
it was transferred to the public debt also pursuant to P.L. 90-269.
2/ Gold assets were valued at $35 per fine troy ounce until May 8, 1972,
when they were revalued at $33 pursuant to the Par Value Modification
Act, P.L. 92-268, approved March 31, 1972. The Increment amounted to
$322 million. Gold assets were valued at $38 per fine troy ounce un-
til October 18, 1973, when they were revalued at $A2,22 pursuant to
the amending of Section 2 of the Par Value l*xiification Act, P.L.
93-110, approved September 21, 1973. The increment amounted to
$1,157 million.
June 19'' 7
.MONETARY STATISTICS.
19
Table MS-1. - Currency and Coin in Circulation
■In millionE of dollars except per capita fig'jres)
fiscal year
or month
(!~urrencie£ no longer issued
Federal
Reserve
bari
notes
National
banj<
notes
Gold
certifi-
cates 2/'
Silver
certif i
cates
Federal
Reserve
notes V
Treasury
notes of
1800
Currencies presently
being issued \j'
United
States
notes
Federal
Reserve
notes 4/'
Total
currencies
1968
1969
1970
1971
1972,
1973,
1974
1975,
1976,
T.Q..
1976^pr..
Ifey..
June.
July.
Aug..
Sept.
Oct..
Nov. .
Dec.
1977^an..
Feb..
Mar..
Apr. ,
59
57
55
54
53
52
51
50
50
40
49
49
21
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
225
223
220
218
215
213
212
211
210
209
210
210
210
209
200
209
209
209
20Q
209
209
299
294
297
321
320
320
321
322
322
322
322
322
322
322
322
322
322
320
320
319
319
319
41,722
44,547
47,626
51,304
54,572
59,664
65,185
72,093
79,028
79,50"
76,758
77,882
79,028
79,069
79,571
79,597
80,313
82,954
83,631
81,093
81,612
83,236
-3,745
42,331
45,146
48,223
51,922
55,184
60,273
65,793
72,700
79,634
80.201
77,364
78,487
79,634
79,673
80,175
80,201
80,916
83,557
84,234
81,695
82,213
83,836
84,345
Coin
Total Currency
and Coin in
circula-
tion 5,,'
Currency and Coin in
fiscal year
or month
lollars
Fractional
coin
Total
circulation
per capita
; in dollars ) 6^'
48^
5,309
47,640
1968
4,827
224.55
1969
482
482
482
5,308
5,646
5,990
5,790
6,128
6,472
50,936
54,351 -
58.393
250.65
1970
265.39
1971
282.03
1972
633
6,383
7,016
62,201
297.84
1973
705
6,793
7,498
67,771
322.11
1974
765
7,275
8,040
73,833
348.44
1975
816
7,681
8,496
81,196
380.06
1976
941
951
8,303
8,397
9,244
9,348
88,877
89,548
413.17
T.5
415.37
930
935
941
044
048
951
955
959
966
970
972
973 .■■;
083
8,187
8,235
8,303
8,331
8,372
8,397
8,422
8,487
8,518
8,500
8,512
8,574
8,632
9,118
9,170
9,244
9,275
9,320
9,348
9,377
9,446
9,483
9,470
9,484
9,547
9,615
86,481
87,657
88,877
88,948
89,494
89,548
90,293
93,003
93,717 .
91,164
91,697
93,38 3
93,960 7/
402. 50r
May
.'0/ . 72
413.17
July
413.19
415.40
415.34
Oct
418.52
Nov
430.83
Dec
433. 84r
1977^an.
421. 82r
Feb
424. 06r
Mar
431. 58r
Apr
433.09
Source: Statement of United States Currency and Coin.
1/ Excludes gold certificates, Series of 1934, which are issued only to
Federal Reserve banits and do not appear in circulation.
2/ Issued prior to January 30, 193A.
2/ Issued prior to July 1, 1929.
^ Issued on and after July 1, 1929,
""£^^xclude£~Curre"iicy and Coin held by the Treasury and Currency and Coin
held by or for the account of the Federal Reserve banks and agents.
6/ Based on the Bureau of the Census estimated population.
7/ Highest amount to date.
- Less than $500,000. r Revised.
20
Treasury Bulletin
.FEDERAL DEBT.
Table FD-1. - Summary of Federal Debt
(In millions of dollnri:
Ai:.,
""■ ■- ■"--'
^ucurilles
held by;
End of
f local year
Total i/
Public
debt
securi-
ties i/
Agency
securi-
ties
i;:v^'mroent accounts
The public 2/
or month
;^lal
socirt-
tles
Agency
securi-
ties
Total
F-^tl lo
debt
securi-
tleo
Agency
securi-
ties
1968
f-".144
182,603
409,467
437,329
468,426
486,247
544,131
631,285
645,748
611,451
612,e97r
621,533
631,285
r ^'"^,260
*■-...:, "?'^..
*^4^,-' "■
656,'-^^
ttV.,794
664,852
674,280
680,141
681, =05
345,369
352,895
370,094
397,305
426,435
457,317
474,235
533,188
620,432
634,701
600,490
601,973
610,672
620,432
624,546
C"3,~?"
t,ii',-.-
■ - . ■
24,399
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,853
11,047
10,961
10,924r
10,861
10,853
10,714
11,066
11,047
11,673
11,643
79,140
87,661
97,723
105,140
113,559
125,381
140,194
147,22?
151,566
148,052
141,026
141,080
145,660
151,566
149,576
149,977
148,052
146,563
146,831
149,037
145,937
146,247
146,758
147, --16
76,138
84,815
95,170
102,888
ni.//-.p
149^011
146,10?
139,067
139,122
143,704
149,611
147,626
148,028
146,105
144,617
144,891
147,098
144,131
U4,437
144,949
145,503
3,001
2,846
•--!•■" 1
1. •■'■'
1,947
1,959
1,958
1,956
1,955
1,950
1,949
1,947
1,946
1,940
1,938
1,806
1,810
1,809
1,812
290,629
279,483
284,880
304,328
323,770
343,045
346,053
396,906
479,719
497,696
470,425
471,817r'
475,872
479,719
485,683
494, a7
497,696
502,713
509,451
515,757
518, 9U
528,033
533,383
534,590
269,231
268,080
274,924
294,417
314,976
333,932
336,(B9
387,905
470,821
488,596
461,423
462,851
466,968
470,821
476,920
485,300
488,596
492,986
499,748
506,445
509,775
518,911
524,258
525,519
21,398
1969
11,403
1970
9,956
1971
9,911
1972
8,794
1973
9,113
1974
10,024
1975
9,001
1976
8,898
T.Q
9,100
l976.!.!or
9,002
8,966r
1976-Apr
y£y.. ■■■■■■.■■.■■■■
8,904
8,898
July
8,764
9,117
9,100
9,726
Nov
9,703
Dec
9,139
9,122
9,124
Feb
Q 071
Acr
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Govemsen'..
^ Amounts of -^ - i ties outstanding have been adjusted to
exclude issues to IMF and other Interaatlonal lending Institutlona to
conform with the budget presentation and the source for this table.
2/ Includes holdings of Federal Reserve Banks, r Revised.
Table FD-2. - Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
End of
fiscal year
or month
Total
interest-
bearing
public
debt 1/
Computed
annual
interest
charge 2/
(Dollar amount In millions'
':^omputed annual interest rate"
Total
interest-
bearing
public
debt 1/
Me issues
jTU-
Treasury j/
Federal
Financing
Bani:
Certifi-
cates
Treasury
bonds
NoniBarket&Me
Other i/
>_,jvernment
account
series ?/
196S
1^9
1970
1971
1972
1973
1974
1975
1976
T.Q
1976- Mar. .
1976-MBy.
June
July
Aug.
Sept
Oct.
Nov.
Dec.
1977-Jan.
Feb.
Mar.
Apr.
May.
344,401
351,729
369,026
396,289
425, VO
4«f>3'-3
4"J,:!3-
532,122
619,254
633,560
59<1,224
6o;-,cr,'7
619,254
623,580
632,291
633,560
635,062
643,643
652,457
652,980
662,320
668,216
668,509
670,958
15,404
17,087
20,339
20,254
21,545
26,591
30,741
33,509
39,494
40,683
38,01P
:'.-,':'0i
39,494
39,828
40,578
40,683
40,730
41,212
40,84?
40,687
41,201
a, 829
41,824
41, "90
4.499
4.891
5.557
093
872
560
352
436
478
6.41-
6.43f
6.445
6.474
6.478
6.469
6.457
6.n?
r. ."''1
6.;t^'
6.308
6.304
6.305
4.757
5.232
5.986
5:099
6.129
7.030
'■.533
,- ^ <-,^.)
6.555
6.589
6. '91
6.322
6.315
6.312
5.711
6.508
7.340
4.516
4.188
6.591
8.416
6.253
5.819
5.784
?.Q3'=
'J.7%
?.?19
5.770
5.754
5.784
5. ■'24
5.629
5.387
5.276
5.211
5.167
5.132
5.U1
'■.294
5. 66?
6.420
e.5i9
6. 312
6.412
6.529
7.058
7.352
7.356
".323
".35C
7.387
-. 326
7.279
7.265
".211
7.196
7.193
7.150
3.681
3.722
3.762
3.759
4.018
4.393
4.755
5.339
5.654
5.8U
5.586
5.649
5.654
5.677
5.7^
5.811
5.814
867
872
5.877
5.930
5.935
5.938
6.020
3.876
3.979
4.327
4.608
4.636
5.138
5.374
5.387
5.452
5.487
5.126
5.444
5.452
5.472
5.459
5.487
5.554
5.679
5.551
5.548
5.552
5.581
5.579
5.573
4.133
'4.555
5.235
5.375
5.475
5.880
6.430
6.614
6.789
6.871
6.708
6.700
6.789
6.8a
6.880
6.871
6.858
6.832
6.565
6.564
6.618
6.856
6.859
6.865
Source; Bureau of Oovemment Financial Operations,
note: The cooputed annual interest charge represents theanount of Interest
that would be paid If each interest-bearing Issue outstanding at the i/
end of each aonth ,^r year should recoin outstanding for a year at the 2/
applicable annual rate of interest. The charge is coni33Uted for each ^
ip-rje b;/ applying the appropriate annual Interest rate to the amount
outstanding on that date (the amount actually borrowed in the case of ^
securities sold at a premium or discount, beginning with May 1960).
The aggregate charpo for all interest-bearing Issues constitutes the ^
total computed annual interest charge. The average annual rate is computed
by dividing the computed annual Interest charge for the total, or for
any group of Issues, by the corresponding principal amount.
Beginning with data for December 31, 1958, the computation is based on
the rate of effective yield for iss'aes sold at premlulli or discount.
Prior to that date It was base« on the ocrjppn rate for all Issues.
As of July 1974, includes Federal Flanciog BaoX.
Excludes Federal Financing Bank.
.Included In debt outstanding at face attvant, but discount value Is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied
against the amount outstanding.
As of July 31, 1974, Monthly Statement of the Public Debt of the U.S.
the column heading was changed to "Govemnent account aeries" which
Includes Treasury deposit funds in addition to those accounts pre-
viously shown as special Issues.
June 1977
.FEDERAL DEBT,
21
Table FD-3. - Interest-Bearing Public Debt
End of
fiscal y^er
or month
1968
1969
1970
\<ri
1972
vnj
1711.
1975
171b
T.Q.
177h-ykT. .
ITTS-May..
June.
July
Aug
Sept
Oct
Nov
Dec
I<r77-Jan.
Feb.
Mar.
Apr.
May..
TM,al
interest-
bearing:
public
debt
3U,401
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
599,224
608,077
619,254
623,580
632,291
633,560
615,062
643,643
652,457
652,980
662,320
666,216
668,509
670,958
(In millions of dollars)
2;'t.,592
226,107
232,599
245,473
257,202
262,971
266,575
315,606
392,581
407,663
385,296
388,021
392,581
3'77,719
404,314
407,663
408,590
a5,399
421,276
423,995
431,607
435,379
434,065
431,447
Pills
1/
r4,440
68,356
76,154
86,677
94,648
100,061
105,019
128,569
161,198
161,505
163,140
161,840
161,198
161,399
161,433
161,505
161,545
161,711
163,992
164,005
164,175
164,264
161,977
157,931
Certifi-
cates
Treasury/
notes
71,073
78,946
93,489
104,8(T7
113,419
117,840
128,419
150,257
191,758
206,319
183,143
186,473
191,758
197,204
202,979
206,319
207,27'i
212,986
216,669
219,474
225,856
229,625
230,655
230,230
Treasury
bonds
91,079
78,805
62,956
53,989
49,135
45,071
33,137
36,779
39,626
39,839
39,014
39,708
39,626
39,115
39,902
39,839
39,769
40,702
40,615
40,516
a, 576
a, 490
41,433
43,2Sh
Nonjnarketable
117,808
125,623
136,426
150,816
168,158
193,382
206,663
216,516
226,673
225,897
213,928
220,056
226,673
225,861
227,777
225,897
226,472
228,243
231,181
228,985
230,714
232,837
234,444
239,511
sav ini'E
bonds
51,712
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
70,752
68,567
69,394
69,733
70,428
71,079
70,752
71,113
71,506
71,853
72,234
72,640
73,037
73,457
73,908
Invest-
ment
series
2,^lt-
2,459
2,387
2,347
2,310
2,275
2,271
2,267
2,263
2.262
2,264
2,263
2,263
2,262
2,262
2,262
2,262
2,262
2,262
2,262
2,262
2,248
2,248
2,24H
Depos-
itary
series
28
23
22
19
16
16
9
Foreif^ government
series
Dollar
denomi-
nated 2/
2,001
1,703
3,389
7,606
16,913
26,781
23,412
21,617
19,901
10,21'.
20,070
19,916
19,901
19,758
19,368
19,215
20,691
20,908
20,751
20,of'l
20,575
20,617
20,469
20,423
Fore ign
currency
denomi-
nated 3/
1,740
2,367
1,366
1,664
2,072
1,743
1,599
1,599
1,599
1,'99
1,599
1,^''39
1,599
1,599
1,599
1,599
1,599
1,579
1 , ''46
1,520
1,494
1,461
1,434
1,408
>vovem-
ment
accc'unt
series
59,520
66,790
76,323
82,784
89,598
101,738
115,442
124,173
130,557
128,640
119,418
l."'/,,'70
HO, '.'-7
128,912
130,591
128,640
127,162
127,405
129,744
12':.,cl0
127,770
128,192
128,992
113,029
282
564
1,656
3,389
1,322
1,407
2,002
1,361
2,611
3,419
1,980
2,305
2,511
2,893
3,069
3,419
3,635
4,573
5,014
5,461
5,965
7,272
7,835
8,487
Source: Monthly Etatement of the Public Debt of the United States.
i/ As of July 1974, Includes Federal Financing Bani.
-^ Conslffts of certificates of indebtedness. Treasury notes beginning
January 1963, Treasury bonds beginning September 1964, and Treasury
bills beginning March 1975, sold to foreign goverament for U^. dollars.
i/ Conalffts of the dollar equivalent of Treasury certificates of
Indebtednese ; Treasury bonds from October 1962- April 1967; and
Treasury notes beginning November 1966 issued and payable in designated
foreign currencies.
A/ As of the July 31, 1974, Monthly Statement of the Public Debt of the
U.S. the column heading was changed to "Government account series"
which Includes Treasury deposit funds in addition to those accounts
previously shown as special isaues, formerly included in "Other" coli^mn.
• Less than $500, COO.
Table FD-4. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
End of
fiscal yBar
ArDunt
outstanding
privately
held
(In millions of df'.'_ars)
Maturity classes
Within
1 year
1-5
years
5-10
years
10 -2C
years
20
years
and
over
12
,670
12
.137
a
272
7
645
6
922
4
564
3
481
4
611
6
,652
Average length 1/
1968
1969
1?70
1971
1972
1973
1974
1975
1976
T.Q
177e»Vhr..
1776-»pr.
Iiby.
June
July
Aug.
Sept,
Oct.,
Nov.,
Dec. ,
1777-Jan,
Feb.
Ifar.
Apr*-
159,
156,
157,
161,
165,
167,
164,
210,
279,
294,
671
008
910
863
978
869
862
382
782
595
276,434
275 , 520
278,929
279,782
289,04,4
293,627
294,595
296,211
307,309
307,820
313,497
319,982
323,604
318,699
66,746
69,311
76, U3
74,803
79,509
84, oa
87,150
115,677
150,296
153,302
154,258
153,4^1
153,464
150,294
156,595
153,304
153,302
155,179
158,422
157,453
162,633
165,942
166,427
162,419
52,295
50,182
57,035
58,557
57,157
54,139
50,103
65,852
90,578
94,845
86,214
86,198
86,242
90,578
91,042
93,396
94,845
91,795
101,684
103,742
101,626
106,685
109,983
106,929
21,850
18,078
8,286
14,503
16,033
16,385
14,197
15,185
24,169
31,. '47
21,538
21,597
24,336
24,169
26,694
31,523
31,247
33,922
11,349
31,017
33,688
31,204
31,155
33,459
6,110
6,(397
7,876
6,357
6,358
8,741
9,930
8,857
8,087
7,919
8,350
8,242
8,172
8,087
8,059
7,986
7,939
7,897
7,511
7,399
7,342
7,291
7,336
7,172
5,074
5,042
6,715
6,654
5,654
7,418
7,262
7,410
e;i4^
8,20Q
8,208
8,860
8,803
8,709
4 ;/rs.
5 raos.
4 yrs.
2 mos.
3 yrs.
8 mos.
3 yrs.
6 mos.
3 yrs.
3 mos.
3 yr3.
1 mos.
2 yrs.
11 mos.
2 yrs.
8 mos.
2 yrs.
7 mos.
2 :.TS,
9 mos.
2 yrs.
5 raos.
2 yrs.
5 mos.
2 yrs.
7 mos.
2 yrs.
7 mos.
2 yrs.
6 mos.
2 yrs.
10 mos.
2 yrs.
9 raos.
2 yrs.
9 mos.
10 mos.
2 yrs.
2 yrs.
9 mos.
2 yrs.
9 mos.
2 yrs.
9 mos.
2 yrs.
9 raos.
2 yrs.
^ mos.
Soiirce: Office of GovemineTit Financing In the Office of the Secretary.
1/ Beglimlng with the September 1976 Treasury Bulletin the average length
of the Interest-bearing marketable public debt is computed on that
part of the outstanding public debt privately held.
22
Treasury Bulletin
.FEDERAL DEBT.
Table FD-5. - Government Account Series
(In millions of dollar.^!;
End of
fiscal year
or month
Totol
Airport nnd
Alnwuy
trust fund
Exchange
Stnblllzatlon
Fund
Federal
Deposit
Insurance
Corporation
Federal
employees
retirement
funds
Federal
disability
insurance
trust fund
Federal
Energy
Administration
Federal Home
Loan Banks
Federal
hospital
insurance
trust fund
Federal
old-age and
survivors
insurance
trust fund
lot.?
82, 7S.'.
ioi',":-s
115,442
124,17)
130,557
128,640
119,438
ij4,5t;-
130,557
128,912
130,591
128,640
127,162
127,405
129,744
126,810
127,770
128,192
12?, 992
: .• :■■ , o?<-'
878
1,936
2,529
2,712
2,338
2,400
2,529
2,588
2,649
2,712
2,779
2,850
2,966
3,005
3,06?
3,12'.
3,176
3,235
722
1,242
1,424
2,934
2,364
1,451
1,512
1,529
1,501
1 ,•;.■■/
1,512
1,518
1,522
1,529
1,534
1,601
2,050
2,049
l.OOT
1,97?
2,130
2,059
174
120
74
156
274
263
436
1,367
2,692
3,429
2,352
Z,c9i
2,770
3,562
3,429
3,453
3,658
3,55°
3,657
■■,15'
.-.,171
4,189
4,327
15,668
17,354
18,931
21,644
24,691
27,894
31,201
35,525
40,383
39,':. -
34, •
39!<;.'
39,27?
38,'-
1,891
3,042
4,435
5,713
6,697
7,488
■.■]■-.
' ,] .-
^,510
c.,1 ..-'
5,41c
5,254
5, CI -
4 , -IC'
..,.r'.':'l
1,712
1,704
1,715
1,712
1,738
1'2
b2
i,?;q
2^834
4,172
7,814
9,711
10,892
10,429
10,892
10,656
10,643
10,959
10,566
10,276
10,641
10,378
10,370
11,216
11,035
11,135
19,221
106°
21,986
1070
25,939
1971
27,248
1972
29,126
1971
31,424
1074
33,640
1075
35,815
1976
33,891
T.5
32,978
1076-Mttr
32,232
lo76.May
June
July
Aug
Sept
Oct
Nov
Dec
1977^an
Feb
34,800
33,891
32,639
33,988
32,978
31,184
31,014
31,270
30,145
30,180
30,430
31,271
32,963
Apr
End of
fiscal year
or inonth
Federal Supp.
medical ins,
trust fund
Federal Sav-
ings and Loan
Insurance
Corporation
Govemment
life insur-
ance fund
Highway
trust fund
National
service life
insurance
fund
Postal
service fxmd
Railroad
retirement
accounts
Treasury
deposit
funds
Unemployment
trust fund
Other
1/
196^.
1970.
1971.
1972.
1973.
1974.
1975.
1976.
T.Q..
1976-May. .
June.
July.
Au«..
Sept.
Oct..
Nov..
Dec..
1977^an. .
Feb. ,
Uar..
Apr..
May..
257
47?
378
230
244
1,290
1,230
1,32^
1,424
1,244
1,324
1,397
1,848
1,854
1,957
: ,X6
p.n]7
7'
80
89
139
81
129
907
1,593
i,es5
i,4<:'i
1,571
1,593
1,635
1,873
1,885
1,898
2,009
2,039
2,076
2,184
2,201
2,219
.'.J. 1
5bC
56?
558
553
547
529
526
Q7?
1,513
2,602
3,635
4,456
5,550
7,599
f-',5-'6
Q,0-:0
6,952
?.a51
-■,!3-0
-,J65
3 , 344
3,952
?,824
8,731
?,?S5
n.055
9,207
9,380
9,510
5,856
5,754
5,915
6,:jck=
6,1.5
6,4;7
6,&.5
6,716
e.O'l
6.956
6,747
6,931
6,943
6,956
6,956
6,963
6,968
7,162
■J,2r-
7,213
7,190
7,043
771
2,288
2,118
2. 206
2,0fc-:
1,906
2,190
2,259
1.76";
3,303
3,434
3,751
3,852
3,742
3,766
3,706
3,466
3,375
2,715
2,362
2,074
3,375
3,081
3,044
2,715
2,522
2,743
2,682
2,469
2,4cO
2,325
2,022
83o
700
780
eo?
?05
760
787
739
816
783
715
72 o
718
10,520
8,514
7,186
8,330
9,495
4,557
2,203
2,345
530
3,231
2,203
1,948
3,011
2,345
2,313
2,878
2,171
1,245
1,438
771
1,231
^02
414
484
585
655
1,199
2,127
2,470
4,332
5,076
3,992
4,276
4,332
4,608
5,108
5,076
5,134
5,382
5,283
5,143
5,682
5,691
5,754
=»L
Source: Monthly Statement of the Public r-.-l.t S thr- Vnlte^ Ttito;;.
Kote: Prior to July 1974 title of this r
Isaues",
i/ Consists of CovenuDent National Moi--.^. .^ ......;, . „.. .',33
Investraent account; National Credit Union Insurance fund; Federal
Housing Administration fund; enployees llfp inmirance fund; veterans
special life ins\irance fund; veterans r-' fimd;
servicemen's group life insurance fund nuary
1973; employees health benefits fund b€■^ "J; Export-
Import Banlc of the United States from Februari* iTCV-^-it-ber 1968;
General Services Administration participation certificates trust;
and Washington Metropolitan Area Transit Authority from November
1<=>72-March 1973; Indian tribal funds and individual Indian raoney for
August I97i; Pension Benefit Guaranty Corporation beginning Nov-
ember 197^; Bonneville Power Administration and Library of Congress
trust fund beginning January 1975; Tax Court Judges survivors annu-
ity fund and Overseas Private Investment Corporation beginning
February 1975. Federal ship financing escrow fishing fund. Federal
ship financing fund fishing vessels (NOAA) , Federal ship financing
revolving fund, gifts and bequests (CoosDerce), Judicial survivors
annuity fund, national insurance development fxmd (HUD), and the
U.S. knss general gift fund beginning March 1975, Emergency Loan
Guarantee Fund beginning April 1975, Comptroller of the Currency
assessoent fund, National Archives Trust fund, beginning July 1975,
Comptroller of the Currency, trustee fund, beginning August 1975,
Federal Financing Bank; National Archives Gift Fund; Public Health
Service, Conditional and Unconditional Gift Fund; HEW; U.S. Naval
Acadeiny Gift Fund; U.S. Naval Acadeny Uuseum Fund; War Risk Revolv-
ing Fund; Xviation war risk insurance revolving fund; Department of
State conditional gift fund, general; Harry S. Truman Memorial schol-
arship fund; Special Investment Account,
Less thi- i"'
jinic 1977
.FEDERAL DEBT.
23
Table FD-6. - Interest-Bearing Securities Issued by Government Agencies
(In millions of dollari:.!
End of
fiscal year
or month
Total
amount
outstanding
1/
Defense
Department
Family housing
and homeowners
assistance
Housing and Urban Development Department
Federal
Housing
Adminis-
tration
Government
National
Mortgage
Association
Federal
National
Mortgage
Assoc. 2/''
Secondary
market
operations".
Other independent agencies
Export-Import
Bank of the
United States
Farm Credit Adirdnistraticn
Bank for
cooperatives
3/
Federal
intermedi-
ate credit
banks 3/
Federal
Home Loan
Bank Board
1968.....
1969
1970
1971
1972
1973
1974
1975
1976
T.O
1976-Mar..
1976- Ap!-.
May.
June
July,
Aug..
Sept
Oct.
Nov.
Dec.
1977 Jan.
Feb.,
Mar.
Apr.
24 , 39Q
14,249
12,510
12,163
10,894
11,109
12,012
10,943
lD.953r
ll,677r
10,961
10,924r
10,Q61r
10,Q53r
11.2-7r
11,04>
ll,b77r
11, 67/
11,643
11,250
10,945
10,932
10,934
10,883
1,151
1,863
1,775
1,683
1,588
1,484
1,332
1,275
1,171
1,136
1.194
1,184
1,176
1,171
l,lo4
1.152
1,135
1,128
1,117
1,113
1,095
1,085
1,077
1,058
548
577
517
487
454
412
408
487
581
578
586
564
'SI
584
582
'.78
^Kl
57Q
581
592
598
6,005
4 , °20
4 , 180
4.U5
4,200
4,180
4,180
4,180
4,145
4,145
4,145
4,145
4,145
4,120
3,845
3,845
3,845
3,803
2,571
2,472
1,893
2,625
1,819
2,221
2,894
2,593
2,593r
3,591r
2,64er
2,593r
2,693r
3,157r
3,53er
3,591l-
3,585
3,558
3,355
3,349
3,343
3,342
^,337
6
5
6
5
5
10
Other independent
agencies - Continued
Other
Memorandum - Interest-bearing
securities of non-Government agencies
i/
End of
fiscal year
or month
Postal
Service
Tennessee
Valley
Authority
Banks for
cooperatives
Federal home
loan banks
iy'
Federal
intermediate
credit banks
2/
Federal
land
banks
Federal
National
Mortgage
Association
2/ 5/
District of
Columbia
Stadium
Fund
1968
250
250
250
250
250
250
250
250
250
250
250
250
250
250
7 so
250
250
;".o
250
525
728
996
1,355
1,855
2,255
2,6Q5
2,075
2,075
1,975
2,075
2,075
2,075
2,075
1,975
1,975
1,975
1,975
1,975
1,825
1,825
1,825
1,825
1,825
3
3
3
3
3
3
3
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
1,411
1,529
1,790
1,805
2 , 338
2,475
2,896
",694
3,901
3,808
3,917
3,143
3,594
3,745
3,919
3,901
4,023
4,207
4,330
4,425
4,695
4,899
5,254
4,702
5,524
9,914
7,923
7,848
12,149
18,522
21,250
19,390
19,111
19,960
1Q,964
19,350
19,390
10,352
19,163
19,111
19,172
18,856
18,861
19,055
18,444
18,483
18,535
4,240
4,942
5,705
6,188
6,673
7,995
0,497
10,298
10.7'Jl
Q,557
9,931
9,078
10,298
10,595
10,687
10.791
10.712
10,669
10,404
10,531
10,556
10,670
10,990
5,310
5,720
6,192
6,552
7,393
9,058
11,057
14,192
16.060
lb,5oo
15 , 345
16,050
15,050
15,050
16,566
16,565
15,555
17,124
17,127
17,127
17,304
17,304
17,304
18,137
8,075
13,165
14 , 096
18,560
21,087
25,232
28,237
29,853
30,021
30,147
29,804
29,863
29,845
30,429
10,685
30,655
"■'0,413
30 ,565
10, ■94
TO, 143
30 , 302
30,684
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
1969
1970
1971
1972
1973
1974
1975
1976
T.y
1976-MaT
1976^pr
May
June
Aug
Sept
Oct
Nov
Dec
1977-Jan
Feb
Mar
-•
Source: Bureau of Government Financial Operations and Monthly Treasury
Statement of Receipts and Outlays of the U.S. Government.
Note: The Export-Import Bank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-64.6. Adjustments are made
to include totals for the period it was outside the Budget (August 17,
1971 through September 30, 1976). Also, adjustments are made to re-
flect certain Export-Import Bank borrowing transactions now classified
as agency debt. These transactions were previously reported as off-
budget negative outlays,
1/ Includes unredeemed matured securities outstanding on which interest
has ceased.
£/
2/
Effective September }0, lQb8, Federal National Mortgage Association
was converted to private ownership pursuant to provisions of the
Housing and Urban Development Act of 1968 (P.L. 90-AAS) .
Effective December 31, 1968, banks for cooperatives and Federal in-
termediate credit banks were converted to private owTLership pursuant
to provisions of Public Law 90-582, October 17, 1Q68.
For details of securities outstanding, see Table TSO-5.
Includes Federal Home Loan Mortgage Corporation mortgage backed bonds
beginning November 1^70.
Includes mortgage backed bonds beginning June 1970.
Revised.
24
Treasury Bulletin
.FEDERAL DEBT.
Table FD-7. - Participation Certificates
(In millions or dollars -
race amounts)
Agriculture
Department
Export
or the
-Import BanV.
United States
Farticipatioi; cert
ificateG issued by GNMA ad
ing as trustee
Total
Farmers Home
Administration 1/
Health, Education,
End or
i'lecol year
or month
Commodity Credit
Corporation
and Wei rare
Department 2/
oaies
Retire-
ments
Out-
standing
Sales
Retlre-
nenlQ
CMt-
etandlng
Sales
Retire-
ments
Out-
Star, :
^■.^,.
-»t,Ire-
Out-
standing
Sales
Retire-
ments
Out-
Btandin,'
1968
1969
1970
1971
2,181
2,181
570
533
369
321
265
608
',?
32V
2,183
1,8U
l,'i93
1,226
<Af>
' ''':
2/.9
2«
252
252
252
252
252
252
252
252
.'"! 2
252
252
3,250
1,330
180
630
1,280
1,315
1,035
../.O
i;o
110
80
20
35
25
221;
42
6,-::.'.'
7.320
6,005
4. '2'-'
/, , ..H' (
/.,260
4,146
4,111
4,166
4,146
4,146
4,416
4,111
4,111
4,111
4,111
4,111
4,086
3,860
3,860
3,860
3,818
-
1.^4
4-1
168
24
-
1,125
1,166
765
685
517
493
493 .
492
492
402
492
492
492
492
492
492
492
492
492
492
492
492
492
4Q2
100
15
3
3
2
' 6
2 '
200
212
209
207
1972
197J
201
199
1074
199
197'>
198
l-^lb
198
1976 -Mar
198
198
1976- Apr
May
June
July.
Aug
Sept
Oct
Nov
198
198
198
198
198
198
198
198
Deo
1977-Jan
Feb
198
198
198
Mar
198
log
riscal year
or month
Wfcii
1969
1970
1971
1972
1973
1974
1975
1976
T.U
1976 -Mar.
1976 -Apr.
May.
June
July
Aug.
Sept
Oct.
Nov.
Dec.
1977^an.
Feb.
Mar..
Apr..
Participation certiricates issued by GNMA acting as trustee - Continued
.Housing and Urban Development Department
Orrlce or secretary 2/
Sales
Reti
ire-
ments
Out-
stand ing
1 ,"^20
2,433
2,109
1,146
741
707
707
707
707
707
707
707
707
707
707
707
707
707
707
7.V:
7c<;
Government National
Mortgage Association A/
Sales
465
140
Retire- O^t- ,
nients ^t^^ding
1,891
1,897
1,707
1,626
1,433
1,338
1,273
1,197
1,140
1,122
1,150
1,140
1,140
1,140
1,122
1,122
1,122
1,122
1,122
1,110
Small Business
Administration ^
Sales
Retire-
ments
Out-
standing
Veterans
Administration ^
Petire-
ments
Out-
standing
' MeDorandum ^
Cotimodity Credit Corp.
(net certiricates or
interest authorized under
Charter Act) 7/
Retire-
ments
Out-
standing
1,140
64:
27
324
963
40;
34
50
134
190
81
193
95
65
76
41
19
19
430
50
70
203
225
91
2O0
41
1,160
1,007
782
691
485
444
444
44,
444
444
444
444
444
444
444
444
444
444
342
342
342
342
590
260
923
1,590
107
243
45
30
40
Id
-,--:0
1,543
1,300
1,255
1,225
1,164
1,14S
1,174
1,164
1,164
1,164
1,148
1,148
1,148
1,148
1,148
1,135
1,135
1,135
1,135
1,113
Source: Bureau or Government Financial Operations.
1/ Includes the Wrect Loon program through September 1972, the Agricul-
tural Credit Insurance rund beginning .October 1972, and the Rural
Hcus ing Loan prograns .
2/ Includes Construction of Higher Education Facilities, Health Profes-
sions Education rund, and Nurse Training fund, beginning April 1968.
2/ Includes College Housing, Housing ror the Elderly, and Public Facllltv
programs. ^
i/ Includes Sper- . . ,,:ement and Liquidating programs.
i/ Includes programs for Disaster Loans, and Business Loans anSTiivesi-
. ments.
&» Includes Direct Loan and Loan Guaranty programs.
2/ In the case or Connodlty Credit Corporation, participation certif-
icates are called "certiricates or interest" and are not included In
the Participation Sales Act or 1966. Amounts shoim as sales and re-
tirements represent the net excess transactions for the period. Cii
July 1, 1969, the amount outstanding was reclassiried as agency
securities .
25
juncnn
.FEDERAL DEBT.
Table FD-8. - Debt Subject to Statutory Limitations
fin millions of dollars)
I'ebt outstanding s
jb-
Interest-bearing debt
flon-interest
-bearing debt
End of
statutory
debt
,iect to limitation
3ub,)eot to
limitation
subject to limitation
fiscal year
or r:ionth
l'>it
Total
Public debt
1/'
Other debt
y 1/
Fijblii- debt
Other debt
Public debt
1/
Other debt
1/
19o8
■""'S.O;.'.
350,743
344,716
6,028
544,401
<,818
•15
2,20Q
1969
■77,1)00
356,932
352,259
4,672
551,729
3,847
530
825
1970
■:77,iJOO
373,425
369,463
3,962
369,025
5,157
437
825
1971
430,000
399,475
396,678
2,797
395,28Q
1,'372
389
825
1972
450,000
428,576
425,813
2,764
425,360
1,05Q
45^
825
1973
465,000
459,089
456,697
2,392
456,35'
l,5b7
345
825
1974
495,000
476,006
473,618
2,388
475, 2?8
1,«.D':
•SO
825
1975
577,000
534,207
532,565
1,642
5:2,122
1,542
44-
_
1976
636,000
621,556
619,820
1,736
619,254
1,7 16
566
_
T.Q
636,000
635,822
634,089
1,733
633,560
1,75!
529
-
lq76^ar
627,000
£01,619
5Qq,877
1,742
590,224
1.742
65'
-
1976-May
627,000
611,798
610,059
1,739
608,077
1,750
1,982
_
June
636,000
621,556
519,820
1,736
619,254
1,73b
566
-
July
636,000
625,673
623,934
1,739
623,580
1,756
354
_
Avig
636,000
634,453
632,716
1,737
632,291
1,757
424
_
Sept
636,000
635,822
634,089
1,733
635,560
1,75 5
529
-
Oct
682,000
682,000
682,000
638,735
645,767
654,662
636,991
644,027
652,932
1,744
1,740
l,7:-:0
635,052
54^543
652.457
1.744
1.740
1,730
1,929
385
475
Nov
Dec
_
1977 -Jan
682,000
682,000
682,000
700,000
655,029
664,473
670,343
672,164
653,295
662,736
668,596
670,411
1,7J4
1,7'<6
1,748
1.75',
652,979
562 , 320
557,504
568,509
1,754
1,736
1.748
1.755
516
416
992
1,902
Fell
Mar
Apr
-
Ma-/
700,000
673,246
671,497
1,74<'
570,958
1,749
539
-
Soxirce: MDnthly Statement of the Public Debt of the United States. 1/
Note: For debt sub.ject to liraitation since 1940, see Table 21 of the
Statistical Appendix to the Annual Report of the Secretary of the
Treasury on the State of the Finance for fiscal 1975. For a suinroary 2/
of legislation on debt limitation under the Second Liberty Bond Act
and the amounts of limitation, see Table 32 of the Statistical Appendix.
Adjusted to exclude notes to IMF and other international lending or-
ganisations from public debt and include them in "Other debt" to
conform with the budget presentation and the source for this table.
Consists of guaranteed debt of Government agencies, specified partic-
ipation certificates, District of Columbia Stadium Bonds and notes
of International lending organizations.
^ Treasu)^ Bulletin
.FEDERAL DEBT.
Table FD-9. - Status and Application of Statutory Limitations
The Second Liberty Hoi/J Act < 'il U.^.C, 75'/b), as am'^nde'i , The Act of June 30, 1967 (Public Law 90-39) provides
provides that the face amount of obligations i.'::;ued under that the face amount of beneficial interests and participa-
authority of that Act, and the face amount of obligation:; tions issued under section 302 (c) of the Federal National
guaranteed as to principal and interest by the United ::tates, Mortgage Association Charter Act (12 U.S.C. 1717 (c)) during
shall not exceed in the aggregate $A00 billion outstanding the fiscal year 1968 and outstanding at any time shall be
at any one time. Public Law 94-33A provides that beginninjp added to the amount otherwise taken into account in deter-
on April 1, 1977, and ending on September 30, 1977, the public mining whether the requirements of the above provisions are
debt limit shall be temporarily increased by $300 billion. met.
Part A. - Status Under Limitationst May 31. 1977
I In millions of dollaro)
Classifications
Non-intoreat-beoring debt:
Uotiired debt
Other
Total non-interest-bearing debt.
Total public debt outstanding
Source: Monthly Statefsf-nt of the Public Debt of the United States.
• $500 thousand or lesa.
^:OI^,l\ff
Public debt subject to linit:
Public debt outstanding
Less amounts not subject to limit:
Treasxiry 612
Federal Financing Bank ^■'•^
Total public debt subject to limit '-1,^^
Other debt subject to limit:
Guaranteed debt of Government agencies 614
Specified participation certificates 1,135
Total other debt subject to linit 1,7^9
Total debt subject to limit 673,246
Statutory debt limit 70C~OOQ~
Bal ance of statutory debt 1 imit • 2t,"54
Part B. - Application of Statutory Limitations. May 31, 1977
'In millions r,f dollars)
Interest-bearing debt,:
Marketable:
BUls:
Treasury S157,931
Itotes :
Treasxiry 230,230
Bonds:
Treasury 43,286
Total marketable ^31 ^r^
Noniftarketable: -
Depositary series g
Foreign govemroent series:
Dollar denominated 20, 423
Foreign currency denominated i ^og
Govemoent acco\int seriec \j-^ 029
Investoent series 2 248
R.E.A. series 16
State and local government series 7 91^
United States indiv idual ret irenent bonds 22
United States retiren:ent plan bonds 135
United States savings bonds -3 90P
United States savings notes ^qq
Total nonmarketable 239 fll
Total interest-bearing debt r70,9??
Jiaic 19^7
27
End of
fiscal year
or month
.FEDERAL DEBT.
Table FD-10. - Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
1968
1969
1970
1971
1972
1973
197A
1975
1976
T.Q
197e^Mar.
1976-May.
June
July
Aug.
Sept
Oct.
Nov,
Dec.
1977^ an.
Feb.
Iter.
Apr.
May.
:'7,o.;o
23.1d4
30.651
31,'J«4
34.237
35,434
44,674
53,0Q1
57, iV4
53,bOO
54,086
^J.O'il
5d,07;,
bO.702
60,407
61,742
6l,80f
IjI,^^;-'
I'Oi
Inter-
national
Develop-
ment 1/'
=12
4''1
416
374
Federal
Financing
Bank
602
13,466
22,413
.■'5.F,S4
21,706
22,736
22,41:;
24.149
25,052
25 8S4
26 ] 111:
26,524
2f,.r'll
20 , 848
30,328
31,312
30 , 822
1 , 007
Federal
Home Loan
Bank Board
1,247
1,534
1,491
1,534
1,534
1,534
1,4Q1
1,491
1,401
1,372
1,372
1,172
Aj^riculture Cepartroent
Commodity
Credit
Corpo-
ration
11,989
12,115
12,262
11,977
11,501
10,864
8,608
5,046
2,840
:i,55b
2,497
2.676
2,840
3,002
3,315
3,556
2,393
2,049
1,505
3,983
4,071
4,288
4,725
4,223
Rural
Electri-
fication
Adminis-
tration
4,770
5,045
5,328
5,746
6,051
6,563
6,963
7,409
7,512
7,409
7,409
7,471
7,512
'',536
7,569
7,400
7,453
7,480
7,514
7,609
7,609
7,609
7,609
7,765
Secretar;,':
Farmers
Home
Adminis-
tration
Programs
2/
1,454
1,583
1,416
1,391
1,606
1,610
2,545
1,482
1,717
1.867
1,682
1,682
1,717
1 71^
1,792
1,367
1,892
1,8Q2
1,802
1,SQ2
1,892
1,922
1,922
1,022
Export-
Import
Bank of
the
United
States
362
720
1,586
783
1,743
1,888
2,457
207
11
73
63
Housing and Urban
tevelopraent lepartment
Office of the Secretary
College
housing
loans
1,366
950
1,400
2,450
2,781
2,811
2,811
2,811
2,811
2,811
2,811
2,811
54
n,ni
11
2,811
73
2,811
181
2,811
94
2,811
7
2,811
7
2,811
32
2,811
66
2,811
160
2,811
45
2,811
Urban
renewal
fund
400
400
600
800
800
800
800
800
800
800
800
800
^O"
800
800
800
800
800
800
800
SOD
800
800
Other
i/
170
220
260
352
333
351
414
455
124
UO
122
124
129
145
149
158
161
163
170
17Ci
17b
199
207
Housing and Urban Development
Department — Continued
Interior
Itepartment
Rural
Telephone
Bani
Ten-
nessee
Valley
Author-
ity
Transpor-
tation
Dept.
Veterans
Adminis-
tration:
Direct
loan
program
Under
Defense
lYoduc -
tion
Act
of 1950
1/
Govern-
ment
National
Mortgage
Assn. 5/"
Other
6/
fiscal year
or month
Helium
fund
Saint
Lawrence
Seaway
Develop-
ment
Corp,
Other
S/'
1968
1969
1970
1,050
2,427
3,133
3,552
3,781
3,053
3,133
5,413
6,124
5,907
6,999
6,688
6,124
b,bOo
5,098
5,907
5,452
5,345
5,134
5,173
5,181
5,200
5,108
5,214
10
15
10
223
665
1,641
2,462
3,677
4,666
4,878
4,463
4,666
4,666
4,838
4,838
4,878
4,878
4,878
4,878
4,964
4,964
5,008
5,008
5,008
110
140
207
251
252
252
252
251
252
251
251
251
251
251
252
252
252
252
252
252
252
252
252
1
49
132
191
201
172
170
101
198
198
201
201
201
201
201
202
205
208
212
1310
100
100
100
100
100
lOU
150
150
15U
150
150
150
150
150
150
150
150
150
150
150
150
150
150
12a
133
133
130
127
123
121
120
118
118
118
118
118
118
lis
lis
117
117
lib
116
116
116
116
116
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,854
2,032
1,996
2,010
2,010
2,014
2,015
2/
2/
2/
24
38
43
43
43
63
43
44
98
1971..
1972
1973
1974
1975
1976
1 . W
94
346
98
97
97
97
97
96
1976-May
Jiine
July
Aug
Sept
Oct
Nov
Dec
1977^Tan
Feb
97
97
Mar
97
Apr
May
07
97
28
Treasury Bulletin
.FEDERAL DEBT-
Footnotes to Table FD-10.
Source: Bureau of Government Financial Operations,
Note: These securities were issued to the Treasury in exchange for ad-
vances Iv the Treasury from public debt receipts under congressional
authorizations for specified Government corporations ond other agen-
cies to borroir from the Treasury. Further detail may be found in
the 1075 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 354-357, and the 1976 Combined Statement of Receipts,
Expenditures and Balances of the United States Government, pages 812-
615.
1/ And predecessor agencies. Beginning fiscal 1957 figures exclude notes
previously issued ty the Administrator in connection with informational
media guaranties. The obligation for these notes was assumed ty the
Director of the United States Information Agency, pursuant to the act
approved July 13, 1956 {22 U.S.C. U42), and the notes together with
others Issued for the saioe purpose are included In "Other."
2/ Form housing and other loan programs, Agricultural Credit Insurance
Fund ( f orroerlj* Farm Tenant Mortgage Insurance Fund), Rural Housing
Insurance Fund, and Rural Developnient Insurance Fund.
::.'l ri"n securities transferred from the Reconstruction Finance
1/
k/
■~ notes issued to borrow for: public facility loans; Low
r.'-.i. .- -iUAiC Housing Fund; and advances for National Flood Insxirance
Fund.
Consists of liobllities talcen over ly the Association from the
Secretary in accordance with the act approved August 2, igS-i, and
notes issued by the Association under authority of that act (12 U.S.
C. 17:" '■*, ivro {X\, and 1721(d)) and also securities transferred
M Finance Corporation.
6/ Public, Housing Administration 1960-1963; Federal Housing Administra-
tion beginning January 1966; Housing Assistance Administration from
September 1968-December 1969.
7/ Consists of notes of: The Administrator, General Services Adminis-
tration, for defense materials procurement; the Secretary of Agri-
culture; the Secretary of the Interior (Defense Minerals Explo-
ration Administration); and the Secretary of the Treasury through
May 1964.
8/ Consists of notes issued by the: United States Information Agency
for Informational media guaranties (see footnote 1); Secretary of
Ccrannerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1963-67 and Federal Ship Financing Fund
(NOAA), beginning December 1972; Virgin Islands Corporation from
September 19 59- September 196S; District of Columbia Conmiss loners
for the Stadium Sinking Fund beginning December 1971; Secretary of
the Interior (Bureau of Mines) for development and operation of h^
Hum properties beginning May 1964; Bureau of Commercial Fisheries
for Federal Ship Mortgage Insurance Fund, Fishing Vessels from Jan-
uai^ 1966 - May 1967; and revenue bonds for Smithsonian Institution
(John F. Kennedy Center Parking Facilities) beginning July 1963;
Secretary of Transportation (Washington Metropolitan Area Transit
Authority) beginning December 1972; Health, Education, and Welfare,
Office of Education (Student Loan Insurance Fund) from May 1973 -
August 1973; Pension Benefit Guaranty Corporation from September 19
74; Federal Railroad Administration, rail service assistance, begin-
ning January 1976, and ret:ional rail reorganisation, April, 1976.
2/ Outstanding loans cancelled pursuant to Public Law 93-426, dated
September 30, 1974.
June l^n
29
PUBLIC DEBT OPERATIONS.
Table PDO-1. - Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
Other than Regular Weekly and 52-Week Treasury Bills
Outstanding, May 31, 1977
(In millions of dollars)
Year
and
month
of final
maturity
1/
Description
Aniount of maturities
Held by ^
U.S. Govt,
accounts and
Federal Re-
serve banks
All
other
investors
Year
and
month
of final
maturity
I
Description
Amount of maturities
Held by 2,'
U.S. Govt,
accounts and
Federal Re-
serve banks
All
other
investors
June
July
Aug.
Sept
Oct.
Nov.
Dec.
1Q78
Jan.
Feb.
Mar.
Apr.
May.
June
July
Aug.
Sept
Oct.
Nov,
Dec.
1979
Jan.
Feb.
Mar. ,
Apr. ,
May. ,
June.
Aug..
Sept
Oct.,
Nov.
Dec ,
Mar. .
Apr . .
May..
June.
Aug..
Sept.
Oct..
Nov. .
-\/'2%
7-1/2?
7-? A?
b-l//,%
1-1/2?
5-7/8*
b%
5-Vtf
8-1/8%
5-Vtf
Total..
7/8%
7f,
5-7/8%
6%
1-1/256
5-7/8%
7-7/8%
6-1/8%
l-'i/'S
6-1/4%
6-7/8%
8-1/2%
1-1/2%
D-5/8%
7%
6-1/4%
7-1/2%
Total..
6-1/2%
7-1/2?
Note
Note
Note
S-l/lS, Note
8-V8%
1-1/2%
7-1/2%
7-3/1$
6-5/8%
7-1/4%
Note
Note
Note
Note
Note
Note
6,/ ■0/77-J
7/il/77-K
8/15/77-B
S/31/77-L
9/30/77 -M
10/1/77-EO
10/:a/77-N
11/15/77-E
ll/:ffl/77-Q,
12/31/77-P
6-3/8%
6-1/4%
V4«
1-1/2%
6-1/2%
7-1/8%
7/8%
7-1/8%
6-7/8% Note
6-7/8%
8-3/4%
7-5/8%
6-5/8%
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
l/:a/78-J
2/15/78-A
2/28/78-0
3/31/78-K
4/1/78-EA
4/30/78-L
5/15/78-D
5/15/78-F
5/:'l/78-M
6/30/78-N
7/31/78-P
8/15/78-C
8/15/78-E
8/31/78-a
9/30/78-R
10/1/78-EO
10/31/78-S
11/15/78-B
11/30/78-T
12/-(l/78-H
12/"a/78-U
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
1/31/79-L
2/15/79-H
2/28/79 -M
3/31/79-N
4/1/79-EA
4/30/79 -P
5/15/79-D
5/3l/79-Ci
6/j0/79-E
8/15/79-A
8/15/79 -J
9/30/79-F
10/1/79-EO
11/15/79-B
11/15/79-C
11/15/79-K
12/31/79-G
Bond
Note
Note
1-1/2% Note
6-7/8% Note
7-5/8% Note
9% Note
6-7/8% Note
1-1/2% Note
3-1/2% Bond
5-7/8% Note
2/15/80
2/15/80-G
3/:il/80-C
4/1/80-EA
5/15/80-A
6/30/80-D
8/15/80-B
9/30/80-E
10/1/80-EO
11/15/80
12/31/80-F
2,170
1,516
4,918
2,021
3,226
17
3,156
3,630
2,628
2,765
2,511
8,389
2,115
:',162
15
2,574
3,960
4,423
2,567
3,331
2,855
2,462
5,155
2,949
3,1°5
3
2,921
8,207
2,941
2,517
' , -76
69,628
2,855
4,692
2,845
3,51°
2
l,oaj
2^08^
1.782
4 ,559
2,opQ
2,081
1
1 , 604
2,241
.\176
2 ,006
AO . >■'"'':,
2,50 3
4,60t'
2.06Q
7,265
2,185
4,296
2,141
1,757
2,oo2
<n,521
264
65
1,640
123
230
214
1,263
96
292
270
3,35"
51
374
946
1,513
162
757
293
635
2,568
164
415
176
3,590
224
167
407
16,328
53
1,714
192
568
110
50^^
^25
10°
1,788
834
220
1,142
444
212
1,424
154
5,564
270
2,680
136
Dl'^.
11,813
l.t'OO
1,451
1,278
1,898
2,996
17
2,942
2 , 367
2,532
2,473
21,86i:i
2,241
5,036
2,064
2,890
15
2,200
3,014
2,910
2,405
2,574
2,562
1,827
2,587
2,785
2,780
2,745
4,617
2,717
2,350
2,960
300
2,802
2 978
2^653
2,Q51
2
1,882
1,760
1,758
1,673
2,771
2,155
1,861
1
452
1,797
',164
1 , 913
,581
1,574
',184
l,ol5
1,701
1,915
1,616
Mar . . .
Apr . . .
May. . .
Aug...
Oct..
Nov. .
1982
Feb
Apr. . . .
May
Aug
Nov... .
19B3
Feb
June. . .
Nov, ...
1984
Feb...
Aug...
1985
May. . .
1986
May. . . .
Aug....
Nov. . . .
19°0
Feb.
1992
Aug..
1993
Feb..
Aug..
1994
May..
1995
Feb..
19Q8
May. .
Nov. .
7S
7-3/8%
6-7/8%
1-1/2%
7-3/8%
7%
7-5/8%
1-1/2%
7-3/4%
Note
Note
Note
Note
Note
Bond
Note
Note
Note
Note
2/15/81-
2/15/81 -C 2/
3/31/ei-H
4/1/81-EA
5/15/81-D
8/15/81
8/15/81-F
10/1/81-EO
11/15/81-B
11/15/81-C
3/8%
f-1/8%
-1/2%
8-1/8%.
7-7/8%
BoBd
Note
Note
Note
Note
Note
Note
2/15/82
2A5/82-D
4/1/82- EA
5/15/82-A
5/15/82-E
8/15/82-B
11/1 5/82- C
Total. .
8%
3-1/4%
7%
Total. .
7-1/4%
^3/8%
Note
Bond
Note
2/15/83-A
6/15/78-83
ll/15/83-B
Note
Bond
2/15/S4-A
8/15/84
Total
3-1/4% Bond - 5/15/85
4-1/4% Bond - U/15/77.
ot-l V]A/S5
7-7/8%
6-1/8%
Total..
1Q99
May
2000
Feb
Aug ...
2001
Aug...
2005
May . .
2C07
Feb..
Note
Note
Bond
5/15/86-A
8/15/86.
11/15/86
3-1/2%
8-1/4%
Total..
4-1/4%
4%
6-3/4%
7-1/2%
Total..
4-1/8%
7%
1/2%
Total..
Bond
Bond
2/15/90
5/15/90
Bond
Bond
Bond
8/15/87-92
2/15/88-93
2/15/93
8/15/88-93
Bond
Bond
5/15/89-94
2/15/95
5/15/93-98
11/15/98
8-1/2% Bond
7/«
8-3/8%
Bond
Bond
5/15/94-99
2/15/Q5-00
8/15/95-00
. 8-1/4%
J7-5/8% Bond
8/15/96-01
5/15/00-05
2/15/02-07
1,S42
4,706
2,809
2.020
807
2,586
14
4., 77
21,804
2,702
2,697
2,747
2,613
2,918
2,902
16, 570
7,958
1,297
2,30a
11,564
8,436
2,353
791
1,058
1,84°
5,219
9,515
1,216
15,Q50
2,°77
1,247
08O
18°
627
1,914
2,730
bO.;
2
692
160
2
852
2
414
2
2
771
265
5
0!o
1
575
221
3,047
803
38
152
408
240
1,440
12
1,081
7Cil
.086
227
1,602
17°
395
789
1,879
884
PQ1
■:20
1,21'
53
209
1,2Q0
1,042
1,286
3,903
2,771
1,868
399
2,345
14
2,634
2.518
17,739
1,647
2,592
1,307
2,601
1,837
2,201
12,285
5,872
1,070
2,216
0,158
4,f!34
954
5.788
612
563
1,275 '
4,430
7,535
332
12,3°?
2,084
927
■i.Oll
1,852
135
418
624
1,178
661
476
364
1,446
1,810
82°
2,278
1,317
■,5°5
822
°62
1.728
Source: Monthly Statement ol" the FuDlic Debt ol' the United States and
Office of Government Financing in the Office of the Secretary.
1/ For issue date of each security, ree "Market Quotations on Treasury
Securities. "
2/ Beginning with February 1969 Treasury Bulletin, the definition of
(i.S, '^ovei-nment accounts and all other Investors is in conformi
witn the unified budget concept,
i/ Treasury Notes 7-3/8% Series 0-19^1 and l-3/S% Series E^1961
consolidated effective Sept. 1, 1976.
Less than $500,000.
30
PUBLIC DEBT OPERATIONS.
Treasury Bulletin
Table PDO -2. - Offerings of Bills
( Aniounls in millions of dollara)
Description of new issuo
Maturity
date
Mumber of
days to
maturity 1/
Amount of
bids
tendered
AjTiount of bids uccepttvij
Total
Ajnount
On com-
petitive
basis 2/
On noncQiTH
petitive
basis J/
jl'ferinj:
Regular weekly;
{13-week and 26-week)
1977- Fob. 3
10
17
2«
Mar. 3
10
17
24
31
Apr. 7
U.
21
28 .'.
Uay 5
12
19
26
52- week:
1976-May. A
June 1
29
July 27
Aug. 24
Sept. 21
Oct. 19
Nov. 15
Dec. 14
1Q77-Jan. 11
Fob. e
Ufar. 8
Apr. 5
Vby 3
May 31
■May
Aur.
I.
V.HV
AU(T.
May
Aug.
11
19
18
May
Aur.
'■■'■
June
SL-pt.
1
June
Sopt.
9
8
June
Sept.
16
15
.uly
, Oct.
6
r July
14
13
r July
Oct.
21
20
r July
1 Oct.
28
27
' Aug.
Nov.
' Aug.
Nov.
^ Aug.
Nov.
^ Aug.
1^ Nov.
4
3
11
10
18
17
25
25
1977- May
3
May
31
June
28
July
26
Aur.
23
Sept.
20
C«t.
IF
Nov.
15
Dec.
13
1976:Jan.
10
Feb.
7
Mar.
7
Apr.
4
May
May
2
30
91
1S2
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
183
364
364
364
364
364
364
364
364
364
364
364
364
364
364
4,';''o. ■
6,980. -1
5,217.7
5,849.9
4,624.0
7,046.2
4,670.
7,555.1
5,080.4
5,977.1
4,199.7r
5,857.7
3,974.6r
5,760. 9r
4,365.4
5,615.0
4,881.8
6,845.1
.'.,610.2r
,4ll.2r
;, 361.0
6,725.7
5,549.4r
6,643. Ir
5,031. 5r
5,844.6r
T,574.2~
6,053.5
4,448.5
6,ft34.2
6,503.1
5,669.8
4,380.9
4,855.5
5,504.0
4,034.2
6,454.3
5,248.5
5,376.1
6,039.3
7,053.2
5,909.8
6,264.8
6,986.2
6,195.8
4,971.2
.1,>:02.6
3,704.2
2,703.2
3,699.3
2,505.3
2 •'^0?.4
2,301.7
3,403.2
2,110.1r
3,102.6r
3,503.1
2,402.0
3,405. 5r
2,303.3r
3,299.6r
2,303.6
3,306.9
2,203.9
3,301.8
2,103.1
3,202.6
2,099.9
3,199.9
3,335.5
2,921.4
2,611.6
2,901.6
2,952.6
2,917.3
3,095.1
^,401.7
3,105.5
3,208.3
3,342.5
2,966.1
2,454.3
'z,i6i.i
3,574.4
2,395.1
3,568.1
2,134.9
2,836.0
2,307.5
3,475.3
1,91 ■:■
3,2.. '. i
1,7"6.1
2,954.1
3,265.7
3,350.1
2,097.7
3,261.0
2,019.3
3,177.1
1,993.2
3,197.1
1,911.1
3,157.5
1,755.2
3,065.3
1,789.5
3,064.2
3,24i:.0
2, 84'. 4
2,518.6
2,898.9
2,866.0
2,8"5.1
3,036.7
3,047.1
3,U5.7
3.398.9
T54r3
129.8
308.1
131.2
370.4
767.4
H2.1
153.9
334. Or
148.5r
277.0
143.2
308.5
138.2
315. 3r
14f.2r
358.7
152.9
304.3
145. 5r
283. 9r
122. 5r
310.3
109.8
292.9
144.2
337.9
136.3
310.4
135.7
95.4
75.9
93.0
72.6
85.7
82.2
58.4
61.7
68.7
73.8
58.3
62.5
56.4
2,909.4
2,400.4
56.-
53.8
2,604. 6~
3 . f.OF , f.
2,500.7
3,603.5
2,602.0
3,602.1
2,507.5
3,602.1
2,305.-
3,405...
3,104.6
2,306.9
3,404.1
2,506.6
3,506.1
2,412.2
3,508.3
2,402.6
7,907.4 i/
2,505.9
3,501.3
2,502.6
3,710.4
2,703.2
3,702.2
2,505.3
3,502.3
2,609.3
3,600.8
2,435.3
2,404.4
2,591.4
2,292.6
2,893.3
2,859.7
3,061.9
3,244.6
3,253.1
3,068.7
2,930.4
3,104.9
3.202.7
.72.1
31,576.0
90,383.5
31.583.2
90,385.9
31,i78.8
90,385.0
31,574.7
90,382.8
31,580.7r
90,383. Or
31,576.6r
90,382. 3r
31,573.2r
90,382. Ir
31,570.7r
90, 379. Or
31,560.9r
90,373. 8r
31,560.3r
90,378. 8r
31,356. 7r
90,177. Ir
31,057.7
89,773.7
30,558.5
89,373.3
30,156.3
89,073.5
29,646.8
-^.•72.7
38,243.1
38,760.2
38,780.4
•3,389.4
39,448.7
39,505.3
39,539.5
39,695.7
39,948.2
3,335.5
2,921.4
Footnotes at end of table.
June 19'' 7
_PUBLIC DEBT OPERATIONS,
31
Table PDO-2. - Offerings of Bills-Continued
On total bids accepted
On competitive bids accepted
Issue date
Average price
per hundred
Equivalent average
rate 5/
Hii-h
U>w
Pl-ice per hunijred
Equivalent rate 5/
Price per hundred
Equivalent rate ^'
Regular weekly;
(13-weeli and 26-week)
(Percent)
( Percent )
(Percent)
1977-Feb 3
f OS.S07
( 97.468
f 98.831
4.720
5.009
4.624
4.840
4.633
4.862
4.668
4.872
4.708
4.943
4.653
4.965
4.546
4.813
4.«3
4.''-'
4.':''3'-'
4.846
4.562
4.767
4.494
4.708
4.518
4.839
98.813
97.479
98.837
97.572
Of. 834
97.550
98.826
97.543 6/
98.819
97.513
98.830
97.502
98.857
97.574
98.855
97. 568 •
98.840
97.544
08.852
07.558 2/
98.852
97.599 2/
08.866 2/
97.630
08.865
97.568
4.6'*
4.987
4.601
4.803
4.613
4.846
4.644
4.860
4.672
4.919
4.629
4.941
4. "■■'■'
4.530
4.811
4.589
4.858
4.542
4.830
4.542
4.749
4.486
4.688
4.490
4.811
98.803
97.462
98.828
97.543
98.827
97.538
98.817
97.532
98.809
97.4%
96.821
97.486
98.848
97.561
98.847
97.556
98.833
97.535
98.838
97.548
98.845
97.586
98.863
97.615
98.856
97.546
4.735
in
5.020
4.636
17
i
i
I W.553
' 98.829
1 97.542
'^ 98.820
97.537
^ 98.810
97.501
^ 98.824
4.860
4.640
24. . .
4.870
4.680
Mar. 3
4.882
4.712
10
4.953
4.664
17
\ V/ . 4*1
/ 98.851
1 97.567
/ 98.849
\ 97.560
/ 98.835
[ 97.538
[ 98.841
\ 97.550
/ 98.847
\ 97.5°0
/ 98.864
[ 97.620
/ 98.858
\^ 97.554
4.973
4.557
24
4.824
4.561
31
4.834
4.617
Apr. 7
4.597
14
4.850
4.569
21
4.775
4.498
28
4.718
4.526
4.854
f 98.785'
[ 97.446
/ 98.781
1 97.406
/ 98.737
i 97.354
/ 98.700
\ 97.279
94.292
93.621
93.851
94.048
94.304
94.377
94.817
94.727
95.240
95.219
94.596
94.716
94.785
4.807
5.052
4.823
5.131
4.996
5.234
5.142
5.353
5.645
6.309
6.082
5.887
5.634
5.561
5.126
5.201
4.708
4.728
5.345
5.226
5.158
98.70? 12/'
07.462
98.789
97.414
03.741 11/'
07. 361
08.704
07. 285 12/
04.338 13/
93.652
93.867 lA/
04.067
94.337 12/
94.389 16/
94.840
04.797 21/
04. 804
04.540
4.775
5.o;o
4.7'-Jl
5.115
4.981
5.220
5.127
5.341
5.600
6.278
6.066
5.868
5.6IJ1
5.54'"'
5.10-
5.100
4.690
4.717
5.324
5.200
5.146
5.130
5.400
98.781
97.444
98.777
97.401
98.736
97.349
98.694
97.276
94.265
93.593
93.834
94,041
. 94.289
94.368
94.803
94.718
95.218
95.210
94.584
94.707
94.779
94.763
04.520
4.822
12
5.056
4.838
19
5.141
5.000
26
5.244
5.167
52-weeltS:
1976-May 4
5.359
5.672
6.337
20
-6.098
July 27
5.894
Aug 24.
5.648
Sept. 21
5.570
Oct. 10
5.140
Nov. 15
5.210
Dec. 14
4.729
lQ77jan. 11
4.737
Feb. 8
5.356
Mar. 8
5.235
Apr. 5
5.164
Miy ■:
04.780
5.163
5.403
5.17Q
May 31
04.537
5.411
Footnotes on following page.
32
Treasury Bulletin
.PUBLIC DEBT OPERATIONS
Footnotes to Table PDO-2.
Source; J.i.nnthly otatenent of the Public Debt of the United States and
Allotments.
i/ The l^-week bills represent additional issues of bills with an
original maturity of 26 weeks,
2/ For bills Issued on or after Hay 2, I97«i, includes amounts exchanged
on a nonco(ni«titive basis by Government accounts and Federal Reserve
banks.
2/ For 13-week bills, 26-veek tenders for $500,000 or less from any one
bidder are accepted In full at average prices of accepted competitive
bids; for other issues, the corresponding amount is stipulated in
each offering announcement.
^ Includes riaturing short-dated bills issued Apr. 6, 1977.
^ Bank discount basis,
i>/ Except 51,000,000 at 97.628, $1,000,000 at 97,618 and $2,000,000 at
97.613.
2/ Except 5635,000 at 97.563.
6/
Ex-
9/
Ei:
10/
Ex-
U/
Except
:u/
Except
1?/
Ex— •♦
W
Ex
15/
Ex-
16/
Eieo;-,!,
.17/
Except
18/
Exccot
X9/
Ex-
20/
Ex ■
21/
' ' . "'78.
/■
.7i6.
.289.
'•• -ind
. 3.
$715
,CXX) at
94.348.
.. ..7.
K. )<r7.
.748 and
$2,
000,000 at
94.743
1 and $4,000,000 at 95.238.
3, $1,000,000 at 94.622, and $2,000,000
Except $35,000 at 94.813.
Revised
June 7977
55
PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury Billsi/
(Poller amounts in millions^
Description of issu
Issue
date
Ifey
July
Aug.
Nov,
iq74-Majr
July
Aug.
Sept.
11.
18.
17.
24.
31.
U.
21.
2S.
5.
12.
19.
26.
2..
15..
23.
30.
6..
13..
20..
27.,
5.,
11.
18.
25.
1.
8.
15.
22.
29.
Maturity
date
1973 -Air,
.July
Apr.
July
Apr.
July
Apr.
July
1973-Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
r-'7;s-Sept.
Dec.
Sept.
Dec.
Sept .
Dec.
Oct.
I'^i74-Jan.
1973- Got.
1974-Jan.
1973- Oct.
1974-Jan.
lQ73-Oct.
in74-Jan.
1U73-N0V.
l'"'74-Jan.
May
19.
26.
Aug.
Nov.
Aug.
Nov.
Aug,
Nov.
,"ept .
iJec ,
Sept.
Deo.
Sept.
Dec .
Sept.
Cec.
Oct.
l-175-Jan.
i''74-a-t.
1975-Jan.
1974-Cct.
1975-Jan.
1974-a?t.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Nov.
1975-Feb .
ia74-Nov.
1975-Feb .
197i-Nov .
l-^TS-Feb.
l'-'74-Nov .
1Q75-Feb.
1974-Dec .
1975-Mar.
1974-ft!c .
1975-Mar.
1974- Dec .
1975-Mar.
12
12
19
19
16
15
23
13
13
20
20
27
27
4
3
11
10
18
17
1
14
16
15
14
12
12
19
19
26
2b
3
2
17
16
24
23
31
30
19
20
26
27
Number of
days to
maturity
91
182
91
182
91
182
91
182
91
182
91
183
91
182
91
182
91
182
91
132
91
182
91
182
91
182
91
182
91
182
91
18?
91
182
91
132
91
183
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
132
91
182
91
132
91
132
91
182
92
182
91
182
91
182
91
182
Ajnount
of bids
tendered
$j.':,39
3,249
3,752
3,582
3,512
3,575
3,962
3,953
3,7,89
3,552
3.454
3,263
3,452
3,564
3,580
3,214
4,165
3,774
4,022
3,776
3,349
3,545
3,975
3,215
4,274
3,430
3,887
3,561
3,795
3.336
4,047
4.341
3,670
3,227
3,475
2,756
3,723
3,474
3,578
3,383
3,693
3,792
5,054
4,251
3,925
3,017
4,117
3,171
4,014
3, WO
4,207
3,268
4,466
3,719
3,955
2,885
3,618
4,601
4,264
3,651
3,981
2,986
3,721
3,'i81
3,746
3,853
4,607
3,072
4,038
3,241
AiiiounT,
of bids
accepted
2,403
1,902
2,401
1,902
2.400
1,901
2,501
1,593
2.501
1,701
2,502
1,702
2,502
1,701
2,501
1,701
2,503
1,701
3,500
1,701
2,500
1,702
2,501
1,701
2,501
1,702
2,501
1,701
2,503
1,301
2,501
1,902
2,504
1,901
2,504
1,903
2,602
1,904
2,503
1,903
2.601 1/
1,901
2.600 2/
1,901
2,503 y
1,905
2.602 1/
1,904
2,602 2/
1,901
2,602 y
1,901
2.601 y
1,902
2,655 y
2,007
2,305 y
2,004
2,807 y
2,002
2,803
2,004
2,805
2,005
2,503
1,802
2,500
1,800
Average rate
of bids
accepted 2,.^
( Percent)
5.154
5. 413
5.277
5.541
5.634
5.759
5.180
6.457
6.453
6.747
6.693
6.854
7.137
7.172
7.265
7.255
7.229
7.294
7.985
8.010
7.991
8.013
7.968
8.023
8.113
3.272
8.319
8.476
3.635
3.331
3.023
8.031
8.197
8.440
7.984
3.205
3.29:'
8.426
8.260
8.324
8.178
8.175
7.341
8.003
7.803
8.055
7.892
8.4SI
7.702
7.876
7,603
7.700
7.698
8.054
8.519
8.660
8.762
8.719
8.845
8.899
9.907
9.930
9.165
9.282
8.185
8.203
7.003
7.928
increase, or
decrease (-)
201
223
200
-100
-99
-104
-101
-101
-100
-103
-96
-100
110
200
202
205
205
203
202
198
204
195
189
205
105
359
408
407
401
404
-197
-201
Footnotes at end of table .
34
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills i/-Continued
(Dollar amounts In mllllone)
rxiscrlptlon of la;:uu
Issue
date
Maturity
ilate
lQ7.;-0ct
10
/'1Q75-Jan.
( Apr.
9
■
17
J Jan.
\ Apr-
-■
24
J Jan.
\ Apr.
23
24
31
f Jan.
\ May
30
Nov.
7
/ Feb.
\ May
6
8
li
/ Feb.
\ May
13
21
/ Feb.
\ Hay
20
29
/ Feb.
\ May
27
29
Dec.
5
/ Mar.
\ June
6
12
/ Mar.
\ June
13
a975-Jan.
2
/ Apr.
\ July
3
3
Q .
/ Apr.
^ July
10
16
j Apr.
\ July
17
-
23
f Apr.
\ July
—
c»*
30
/ May
( July
1
31
reb.
6
/ May
\ Aug.
8
13
f May
15
20
f Way
1 Au^ .
.'?
27
/ May
1 Aug.
:t'
Mar.
6
r June
< Sept.
5
4
13
J June
< Sept.
12
20
r June
19
27
j June
\ Sept.
26
25
Apr
3
/ July
< Oct.
7
10
/ July
( Oct.
^^;
y
17
/ July
y Oct.
17
16
21,
/ July
( Oct.
21.
23
May
1
; July
Oct.
31
3U
8
/ Aug.
Nov.
7
15
/ Aug.
Nov.
U
13
22
f Aug.
\ Nov.
21
20
29
/ Aug.
\ Nov.
28
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
of bids
accepted 2/
(Percent)
New money
Increase, or
decrease (-)
ql
182
91
182
91
182
Ql
18?
91
182
91
182
91
182
91
IB?
nl
If.':'
ol
182
91
182
91
182
91
182
91
182
^11
18,'
91
182
91
IS-'
91
182
91
182
ol
182
Ql
le?
!?:■
J.-.
91
183
■,1-2
4,169
2,958
4,747
3,249
3,369
3,459
3,412
3,307
4,497
3,856
3,877
3,690
4,110
3,342
3,393
3,819
5,474
3,8U
3,755
3,705
4,442
4,436
4^915
4,088
3,582
4,085
4,191
4,244
5,044
4,107
3,743
4,096
4,653
3,468
3,822
3,797
4,768
4,511
5,523
4,303
4,533
4,014
3,599
4,598
4,331
5,045
4,361
4,881
4,729
4,094
4,066
4,423
5,479
4,412
4,831
-,f.'l
4,503
5,542
5,057
4,820
2i:il
7iJ.'.
600
301
702
401
701
499
704
503
702
550
701
501
602
502
503
502
502
oni
7U1
-■"1
6.697
7.364
7.723
7.398
7.525
7.398
7.892
7.766
7.880
7.856
7.604
7.552
7.535
7.428
7.328
7.369
7.524
7.564
7.173
6.911
7.113
7.101
6.698
6.681
6.678
6.646
6.370
6.373
5.606
5.825
5.668
5.736
5.800
5.800
5.408
5.483
5.456
5.675
5.638
5.742
5.622
5.655
5.376
5.473
5.543
5.669
5.562
5.785
6.021
6.352
5.539
5.843
5.653
6.067
5.717
6.158
5.356
5.481
5.183
5.481
,115
.412
,206
,469
201
201
202
200
247
199
197
198
198
190
196
202
205
201
294
392
394
405
446
394
496
599
702
805
795
799
797
804
801
801
795
801
Footnotes at end of table.
June 7977
33
PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills i/-Continued
(Dollar amounts in millions
Description of it^ue
Issue
date
1975- June
July
Aug.
1975- Sept.
5..
12..
3..
10..
17..
24.,
51.,
7.
14.
21.
28.
4.
11.
18.
25.
16..
23..
30.
6.
U.
20.
28.
4.
11.
18.
26.
2.
22.
29.
Maturity
date
^^ept .
Dec.
Sept.
Dec.
Oct.
\1'"'76-Jan.
/i975-0ct.
(1976-Jan.
l975-0ot.
I 1976Jan.
ri975-0ct.
I 1976-Jan.
(1075 -Oct.
I 1976-Jan.
1975-Nov.
1976-F'eb.
(1075 -Nov.
1976-Feb.
1975-Nov.
1976-Feb.
1975-Nov.
1976-Feb.
1975 -Dec.
1976-Mar.
1975 -Dec.
1976-Mar.
1975 -Dec.
1976-Mar .
1975 -Dec.
ln%-Mar.
Jan.
Apr.
Jan,
Apr.
Jan.
Apr.
,Tan.
Apr.
Jan.
Apr,
Feb.
May
Feb.
May
Feb.
May
Feb.
May
Mar.
June
Mar,
June
Mar,
June
Mar.
.Tune
11
11
2
2
16
15
23
i2
30
29
6
5
13
13
20
19
28
26
11
11
18
18
26
25
2
1
15
15
22
22
29
29
5
6
13
13
19
20
26
27
3
11
10
18
17
25
24
Apr.
1
90
July
1
181
Apr.
July
8
8
91
182
Apr,
July
15
15
91
182
Apr.
July
22
22
91
182
Apr.
July
2=5
29
91
182
^Jumber of
days to
maturity
91
182
91
182
91
183
ai
182
91
182
91
182
91
182
91
182
91
183
91
182
92
182
91
182
91
182
91
182
02
182
92
182
91
182
182
91
182
91
182
91
182
92
152
91
182
90
181
91
182
91
182
91
182
90
181
Amount
of bids
tendered
$5,616
3,898
4,578
4,258
3,811
3,608
4,465
4,505
5,453
6,560
4,505
5,550
5,136
5,262
5,594
5,506
5 , 306
5,671
4,735
5,91s
4,448
6,246
5,368
6,376
4,74s
6,245
5,0b8
4,469
4.608
5,613
4,155
5,762
3,684
5,341
4,125
4,609
4,860
5,072
4,635
4,853
4,992
5,067
5,32J
5,270
5,6. ■■
5,4"';'
6,400
6,155
5,349
5,202
4,351
6,152
4,451
4,767
3,998
4,606
4,957
5,942
5,084
6,539
5,783
5,457
4,588
5,488
4,774
5,844
Amount
of uids
accepted
Average rate
of bids
accepted 2/'
(fercent)
2,701
2,606
2,591
2,701
2,701
2,802
2,901
2,806
2,905
2,802
2,901
904
902
3,002
3,002
3,001
3,101
3,103
3,202
3,103
3,202
3,105
3,203
2,903
3,202
2,736
2,920
2,702
2,805
3,001
3,103
3,104
3,190
3,000
3,103
3,005
3,102
2,999
3,204
3,203
3 ,304
3,231
3,412
3,203
3,401
2,907
3,302
2,702
3,099
2,709
3,107
2,901
3,301
3,004
3,501
2,992
3,403
3,001
3,393
3,102
3,502
5.079
5.284
6.008
6.262
6.204
6.509
6.044
6.343
6.246
6.627
6.318
6.719
6.455
6.864
6.349
6,809
6,453
7.O1JO
6.5;'4
7.085
6.382
6.866
6.389
6.88°
6.445
6,Q01
6.n5
6.824
6.547
6.981
6.238
6.571
6.045
6.243
5,836
6,156
5.685
5.974
5,602
5,792
5,279
5,483
5,472
5,795
5.521
5,933
5,549
5, '-095
5,634
6.143
5.491
5.914
5,340
5,678
5.207
5.508
5.226
5.521
4.827
5.066
4.782
5,046
4.763
5.051
New money
increase, or
decrease f-)
$t9c
493
498
697
802
800
803
801
799
1,000
952
1,005
998
954r
704
702
690r
595
605
598
704
702
700
738
798
715
764
813
500
501
490
487
702
Footnotes at end of table .
56
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury BillBi/-€ontinued
letcriptton of ItEue
Irtue
date
jQ7f>-Feb. 5
2*.
Apr. 22,
29,
toy 6
13,
20,
27,
June 3.
10,
17.
24.
July 1.
8.
15.
1977-Apr. 28.
May 5,
12,
19,
26,
Maturity
dale
^76-Maj'
Au|^.
May
Aug.
May
Aug.
July
Oct.
July
Oct.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
;jept.
I'ec.
.?ept.
^ept,
Dec.
Sept.
Dec.
Sept.
Dec.
1976 -Oct.
1977 -J-;: .
J', ,.
Oct.
Aug.
Nov.
Au^.
Nov.
Aug.
Aug.
Nov.
13
12
27
26
22
21
29
28
5
i
12
12
19
18
26
26
2
2
9
9
16
16
23
30
30
7
6
4
3
11
10
18
17
25
25
Number of
dayf to
maturity
91
182
90
181
91
182
91
182
91
182
91
182
91
183
91
182
91
183
91
182
91
1 '■'.'■
ul
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
1--3
Amount
of bld.r
tender*',^
3i,505
6,558
4,709
6,212
4,70j
5,121
5,504
5,370
5,572
6,033
5,557
7,70?
5,730
6,519
4,624
6,508
4,955
7,382
3,915
0,5bV
7. :■:!'■
■; .?''6
5,523
4,163
5,222
4,251
7,809
7,134
•'-• , 19K
5,011
' .S'-5
6,054
6, no,.
4,636
6,288
6,503
$3,109
3,804
3,102
3,902
2,90C
3,7"(1
3,.'.f
2,6'-'
3,5"
2,0
2,51-
3,'j
2,'
3,'
2,309
3,399
2,103
3,202
2,106
3,103
2,302
3,402
2,505
3,506
2,514
1,501
2,:«4
3,307
2,.'0.'.
3,302
2,103
3,203
2,100
3,200
Average rate
of bide
accepted 2/
(Percent)
/. . 81?
4.920
5.338
5.072
5.425
5.250
5.727
5.495
5.908
5.577
5.952
5.460
5.768
5.380
5.695
5.356
5.722
5.368
5.754
5.411
5.767
5.190
5.430
4.518
4.839
4.807
5.052
4.823
5.131
4.996
5.234
5.142
5.353
New money
increase, or
decrease (•)
$708
700
199
-193
-195
-209
-199
-205
-211
-295
-292
-291
-302
-200
-188
-92
-405
-702
-900
-702
-910
Source; See Table PDO-2.
1/ Excludes issues of strips of additional outstanding
regular weekly bills for cash on June 5, 19^4 (J801 million).
Z/ Equivalent average rate on bank discount basis.
2/ On June 11, 1974, the Treasury announced that the amount of bills
offered would be $200 million imre than the aniount maturing. It
stated that a foreign central bank would bid for $200 million of the
bills in order to achieve a better balance between its holdings of
special Treasury issues and marketable Treasury issues.
June 19''7
PUBLIC DEBT OPERATIONS
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
37
Date 3ubscr:p-
liiue
date
Description
of securities 1/
Period to
maturity
• Inal
-:.T:i.t :.'i-.-. T.
Zi.r'-c
. .. _ I
tion books
In .iy.i.nan^-e
h.lloX-
closed or
.-nent
tenders re-
(years, month j, |
'.'''..
r\ilio
oeived
days) 2,'
6/20/74
7/2/74
8.256? bill
7/1/7;
X'^o
.-,t/,.;
.
1 . ;■ '!■
_
7/23/74
7/30/74
8.049* Bill -
3/31/75 - FFB
244d
■ 4', 321
_
l.:'n
-
7/24/74
7/30/74
7.336* Bill -
7/29/75
364d
2,573
-
1.3IJD
-
8/1/74
8/7/74
9.655:S Bill -
9/20/74 - Tax ant. 5/
^4d
4,3r-i
-
1,526
-
8/6/74
3/15/74
9* Note
5/15/77-D
2y 9m
4,441
:'.9 36
2 393
2,9"ol
^
8/7/74
8/15/74
9* Note
8/1 5/3 ^-:'.
6y
3,733
2,461
1.835
2.461) 6/
12/
8/8/74
3/15/74
8-1/2* Bond -
5/15/-).- - ning
24y 9m
1,060
486
400
4S6| ~
11/
8/21/74
3/27/74
■T.564* Bill -
8/2n/,,
364d
2,935
-
1,303
-
8/23/74
9/4/74
■■'.7o7' ilill
6/30/75
2Wd
4,93<i
-
1' , '3lJ 3
-
9/18/74
9/24/74
3.341?; Bill
9/23/75
364d
2,'-)80
-
1 , 803
-
9/24/74
9/30/74
8-1/4* Note
9/30/76-J
2y
3,254
205
1,818
20' 1^/
13/
7/
10/1/74
1-1/2* Note -
la/l/79-EO
5y
-
1
-
1
10/16/74
10/22/74
7.629* Bill -
10/21/75
364d
3 . 580
-
2.003
-
10/23/74
11/6/74
7-7/8* Note -
5/15/79-D
4y 6m
2,274
-
1,016
-
ii/
10/29/74
11/4/74
7.933* Bill -
6/19/75
227d
3,860
-
1,501
-
11/6/74
11/15/74
7-3/4* Note -
11/15/77-E
3y
4,403
1,059
2,570
'■^''\./
16/
11/7/74
11/15/74
7-3/4* Note -
ll/15/81-B
7y
3,275
949
1,766
949 M/
12/
11/8/74
11/15/74
S-l/2* Bond -
5/15/94-99 - Reopening
24y 6m
1,816
333
'303
33.3/
18/
11A3/74
11A'V74
7.362* Bill -
11/18/75
364d
3,802
-
2,J02
-
11/20/74
12/V74
7.426* Bill -
4A6/75 Tax ant.
134d
4,-)04
-
.3.251
-
11/21/74
12/4/74
7.5?7«', Bill -
"Strip " of 5 Series
( Average
22d
1,671
-
1 . OJl
-
U/26/74
12/5/74
7.521* Bill -
6A7/75 Tax ant.
l'>4d
2,481
-
1,256
-
12/11/74
12A7/74
6.625* Bill -
12/16/75
364d
3,74='
-
2, 101
-
12/23/74
12/31/74
7-1/4* Note -
12/31/76-:-.
^'y
2,807
77
2,205
77 20/
21/
12/30/74
1/7/75
7-7/8* Note
5/15/79-D-Reopenlng
4y 4m
1,760
-
1,253
22/
1/2/7.
1/9/75
3* Note
3/31/76-H-Reopening
ly 3m
1,915
-
75i:,
-
2J/
1/8/75
1/14/75
6.378* Bill -
1/13/76
364d
3,355
-
2,301
-
1/28/75
2/18/75
7-1/8* Note
5/15/78-D
3y 3m
(-.,&»
b'-'7
3,263
.-.•\
21/
1/29/75
2/18/75
7-3/8* Note
2/15/81-C
6y
4,241
401)
1,768
4JuW
26/
1/30/75
2/18/75
7-7/8* Bond -
2/15/95-2000
25y
2,2S4
150
752
15I3J
22/
2/5/75
2/11/75
5.313* Bill -
2/10/76
364d
3,354
-
2,103
-
2/19/75
3/3/75
h-7/8% Note -
8/31/7e^L
ly 6m
2,967
-
1,662
-
2£/
\6* Note
2/28/77-F
2y
3,139
-
1,665
-
22/
3/5/75
3/11/75
5.637* Bill -
3/9/76
364d
4,272
-
2,102
-
3/11/75
3/19/75
7-3/4* Note
11/15/81-B-ReopeninR
6y 8m
3,433
-
1,7.;.2
-
J2/
3/13/75
3/ 25/75
6* Note
5/31/76-M
ly 2m
Z,993
-
l.=.3.J
-
^
3/18/75
3/31/75
6-1/2* Note
3/31/77-G
2y
2,961
-
2,576
-
w>
3/20/75
4/7/75
8-1/4* Bond
5/15/90
15y Im
2,398
-
1.247
"
13/
4/1/75
4/8/75
7-1/8* Note
11/30/76-N
1^ 8m
3,796
-
1 . -■ 0-
-
ii/
2/
vl/75
1-1/ 2^ Note
6.475? Bill -
4/1/80-EA
5y
3643
3,135
2
-
2
4/2/75
4^/75
4/6/75
2,205
4/8/75
4/U/75
6.560* Bill -
1/31/76
292d
3,681
-
1 , 536
-
4/15/75
4/30/75
7-3/8* Note -
4/30/77-H
2y
4,158
-
1,570
-
ii/
4/30/75
5/6/75
6.400* Bill
5/4/76
364d
4,427
~
2,435
"
5/6/75
5/7/75
5/8/75
5/15/75
5/15/75
5/15/75
7-5/8* Note
8* Note
8-1/4* Bond
8/15/78-E
5/15/82-A
5/15/00-05
.3y 3m
7y
30y
5,390
3,865
1,843
2,300
1,233
850
2,855
1,514
754
2,137
1,57a
2,404
2,300'^
i£/
12/
Al/
5/14/75
5/27/75
6-3/4* Note
5/31/77-1
2y
3,572
"
5/22/75
6/6/75
6-1/2* Note -
10/31/76-0
ly 5m
2,666
"
5/28/75
6/3/75
5.803* Bill
6/1/76
364d
3,851
6/17/75
6/24/75
6/25/75
6/30/75
7/1/75
7/0/75
6-1/2* Note -
6.292* Bill
7-3/4* Note -
6/30/77^
6/29/76
6/30/79-E
2y
4y
364d
2,775
3,321
5,384
-
2,170
2,591
1,782
-
i2/
7/17/75
7/31/75
7-1/2* Note
7/31/77 -K
2y
5 , 3°1
-
1,516
-
uJ
7/24/75
7/29/75
6.782* Bill
7/27/76
364d
4,591
-
2 , 293
3,051
■
^
7/29/75
8/15/75
7-7/8* Note
5/15/78-F
2y 9m
5,657
1,372
1,37a
Q02)Ay
•
7/30/75
8/15/75
8-1/8* Note
3/15/82-B
7y
3,670
002
2,017
iZ/
7/31/75
8/15/75
8-3/8* Bond
8/15/95-2000
25y
1,978
31"
801
iS/
8/7/75
8/8/75
6.280* Bill
8/26/75 - Reopening
18d
b,66Q
-
1,000
~
8/U/75
8/29/75
S-1/4* Note
8/31/77-L
2y
4,956
-
2,u.il
2,393
"
A2/
8/20/75
8/26/75
7.331* Bill
8/24/76
364d
7,121
-
'
1
8/21/75
9/4/75
8-1/2* Note
9/30/79-F
4y Im
4.362
-
2,081
"
1 5^
9/4/75
a/5/75
6.175* Bill
9/18/75 - Reopening
13d
3,000
-
S40
"
9/4/75
9/5/75
6.156* Bill -
9/25/75 - Reopening
20d
3,236
"
700
9/16/75
9/30/75-
8-3/8* Note -
9/30/77-M
^y
0 , 6\'^-
3>
3,192
2.358
2,115
53 ly
il/
Q/17/-5
9/24/75
9/2^/75
10/7/75
7.333* Bill
8* Note
9/21/76
2/28/78-G
2y 5m
364d
6,133
3,972
-
)
22/
2/
10/1/75
1-1/2* Note
10/1/80-EO
5y
"
10/7/75
10/22/75
8-1/3* Note -
12/31/78-H
3y 2m
3,331
-
2,517
7 n62
~_
■2k/
10/15/75
10/21/75
6.60W Bill
10/19/76
364d
3,856
4,719
4,461
2,246
"
3 156
a/
.58/
10/16/75
10/31/75
7-1/2* Note
10/31/77-N
2y
3.?4
150
2 517
38iV^/
10/29/75
11/17/75
7-7/8* Note
11/15/82-C
7y
1 001
15oK
10/30/75
11/17/75
8-3/8* Bond -
8/15/95-2000-Reopeninf!
24y 9m
)
Footnotes at end of table.
38
Treasury Bulletin
PUBLIC DEBT OPERATIONS,
Table PD04. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills— Continued
(Dollar amounts
In millions)
Amount issued 3/ 1
Ptile subscrip-
Issue
n of securities 1/
Period to
maturity
(years, mc
days) 2/
final
Amount of s
scrlptlons
i;b-
tendered
tion books
Allot-
closed OP
lenders re-
ceived
dote
t'eacrlptlc
nths.
Cash
Exchange
For
cash
In exchange
ment
ratio
11/1,1/"''
ll,/lS/75
6.01M Bill -
11/15/76
363d
5,482
-
",245
-
12/2/-5
12/5/75
5.822* BUI -
4/22/76 - Reopening
139d
5,289
-
.-' .00.^
-
12/5/75
12/8/75
5.22C* BUI -
12/16/75 - Reopening
lOd
1,657
-
-
12/5/75
12/8/75
5.140« Bill -
12/26/75 - Reopening
18d
1,977
-
■ 1
-
12/10/75
12A6/75
6.440* Bill -
12A4A6
364d
6,013
-
1 2^1
-
22/
62/
12/16/75
12/31/75
7-1/4* Note -
12/31/77 -P
2y
4 , ■ ■> '
212
2,55 3
21,'
12/22/75
1/6/76
7-1/2* Note -
12/31/79 -C
4y
4 , ?-'*:
-
2,006
-
1/7/76
• 1/13/76
5.578* Bill -
1/11/77
364d
i,<«ll
-
3,06',t
*
61/
62/
62/
1/13/76
1/26/76
7-3/8* Note -
5/15/81-D ■
5y 4in
3,32-'
-
^ ■':''!' ,'
"
l/U/76
2/2/76
6-3/8* Note -
1/31/78-J
2y
-
■ « - ■ '■
2/3/76
2/17/76
8* Note -
2/15/83-A bj
7y
1. ■' ■
1,939
2/4/76
2/10/76
5.572* Bill -
2/8/77
-
-
64/
2/5/76
2/17/76
7* Note -
2/15/""-"
3y
-,.,cl
-,'-'-'-
1,600
2/5/76
2/17/76
8-1/4* Bond -
5/15/. - ,ening
29y 3m
712
215
"■■■--
215
65/
2/20/76
3/3/76
6-5/8* Note -
11/30/V, -,
ly 9ni
4,959
-
z,u^S
-
66/
3/3/76
3/9/76
6.010* Bill -
3/8/77
364d
5,666
-
3,105
-
62/
3/5/76
3/17/76
7-1/2* Note -
3/31/80-C
4y
5,507
-
2,069
3A8A6
3/31A6
6-3/4* Note -
3/31A8-K
2y
4,851
97
3,066
97
62/
7/
4/1A6
1-1/2* Note -
4/1/81- EA
5y
_
»
_
t
3/2i/76
4/5/76
7-3/8* Note -
2/15/81- E
4y 10-1/2
m
5,180
_
2,628
_
62/
3/29/76
4/6/76
5.781* Bill -
4/5/77
364d
6.046
-
3,203
-
4/29/76
5/4/76
5.645* Bill -
5/3/77
364d
5,()fc?
-
3,335
.
5/4/76
5/17/76
6-1/2* Note -
4/30/78-L
2y
4,71."
300
2,274
300
22/
5/5/76
5/17/76
7-7/8* Note -
5/15/86-A 6/
lOy
a,a:(
■ 472
*'?t?
472
21/
5/7/76
5/17/76
7-7/8* Bond -
2/15/95-2000-Reopening
23y 9m
1,525
117
117
v-a/
5A9/76
5/26/76
6/7/76
6/3A6
6A/76
6/1/76
7-1/8* Note -
6.309* Bill -
5/31/78-M
5/3 V77
2y
364d
4,952
4,381
82
2,485
2,921
82
nrj/
6/8/76
6/10/76
5.520* Bill -
7-5/8* Note -
6A7/76-Reopening
6/3O/8O-D
4y Im
9d
6,007
5,246
2,010
2,ic5
TV
6/23/76
6/20/76
6.081* Bill -
6/28/77
364d
4,856
-
2,612
-
25/
26/
6/21/76
6/30/76
6-7/8* Note -
6/30/78-N
2y
4,296
692
2,638
692
6/29/76
7/9/76
7-5/8* Note -
8A5/81-F
5y IJB
5,581
-
2,586
"
7/21/76
7/27/76
5.739* Bill -
7/26/77
364d
5,663
-
2,977
-
22/
7/20/76
7/30/76
-■,_-,'/,^ !JntP _
"/ - i , 7- -7
2y
4,829
-
2,855
~
8/3/76
P/4/76
8/16/76
0, /J ft/76
Mona -
■"'■01
3y
LOy
!5y
5,693
24,426
2,556
700
1,476
592
2,289
8,039
983
700
1,476
592
22/
22/
, >14* Bill -
364d
4,934p
-
2,953p
-
-',19/76
V31//f>
O7V8* Note ^
6-7/8* Note -
9/30/80-E
2y
4y
4,827
5,442
54
2,895
2,141
54
81/
81-A/
8/31/76
9/U/76
in/1 '76
9/aA6
1-1,.'?« Note -
10/1/81-EO
5y
364d
6,404p
H
2,867p
¥
9/15/76
5.561* Bill -
^/2a/n
9/21/76 2,'
9/30/76
6-1/4* Note -
9/30/78-R
2j-
5,5;-5
326
2,S68
326
82/
9/28/76
10/12/76
7* Note -
11/15/81-0
5y
4,205
-
2, 543*
-
82/
10A3/76
10/19/76 ■
5.126* Bill -
10/18/77
;faii
5,21op
-
3,095p
-
10/21/76
11/1/76
5-7/8* Note -
10/31/78.5
2y
4,324
98
2,822
98
84/
11/3/76
11/15/76
6-1/4* Note -
11/15/79-K
3y
5,669p
70
3,284p
70
85/
U/4/76
11/15/76
7* Note -
11/15/83-B
7y
6,469p
50
2,235p
50
S6/
11/5/76
11/15/76
7-7/8* Bond -
2A5/°- - -ening
!3y 3iii
1,544P
-
l.OOCp
-
82/
11/9/76
11/15/76
5.201* Bill -
11/15/-
365d
5,370p
-
3 , 306p
-
11/18/76
11/30/76
5-3/4* Note -
11/30/78-T
2y
4,088p
136
2,803p
136
82/
11/30/76
12/7/76
5-7/8* Note -
I2/3I/8O-F
4y Im
5,621p
-
2,692p
-
22/
12/7/76
12A0/76
4.448* Bill -
4/21/77 -Reopening
132d
4,695p
-
2,000p
-
12/8/76
12/14/76
4.708* Bill -
12/13/77
364d
6,688p
-
3,253p
-
l^/JO/76
12/31/76
1/36/77
5-1/4* Note -
I2/3IA8-U
2y
6,597p
252
3,125p
252
22/
12/28/76
6-1/8* Note -
2/1 5/3 2- D
5y Im
5,318
_
2,697p
_
21/
l/05/r7
1/11/77
4.728* Bill -
1/10/7S
364d
7,053p
_
3,071p
_
1A9/77
2/b3/V7
5-7/8* Note -
l/31/79-L
2y
5,358p
.
2,839p
22/
22/
2/01/77
2/15A7
«^l/2* Note -
2/15/80-0
3y
6,166p
1,300
3,284p
1,300
2/02/77
2/03 A7
5.345* Bill -
2/07/78
364d
5,734r
2,930p
2/03/V7
2/15/77
7-1/4* Note -
2A5/84-A
7y
4,75,t
2,000p
881
24/
21/
2/04 A7
2/15A7
7-5/8* Bond -
2/15/2002-07 3
Oy
2,3'"'l;
,"■
751p
391
2/17/77
2/28/77
5-7/8* Note -
2/28/79-M
2y
6,i-'..:
150
2,692p
150
26/
2/23/77
3/8/77
6-7/8* Note -
3/31/81-H
4y In
5,061;
2,800p
22/
3/2/77
3/8/77
5.226* Bill -
3/7/78
364d
6,264p
-
3,207p
-
3/22/77
3/31/77
6* lIote^^T"
3/31/79^
!y
47789P
523
27995p
523
22/
3/29/77
4/4 ,'77
7* Note -
5/1 5/82 -F
>y lit
3,911p
2,607p
22/
3/30/77
4/5/77
5.158* Bill -
4/4/78
364d
6,986p
_
3,341p
_
4/1/77
'•¥71
4.632* Bill -
4/21/77-Iv
15d
14,940
_
4,506
4/19/77
5/2/77
5-7/8* Note -
4/30/79- r
2y
3,239p
110
l,882p
uo
100/
4/27/77
5/3/77
5.163* Bill -
5/2/78
364d
6,196p
_
2,966p
^'?^
5/16/77
7-1/^* Note -
2A5/.'>.'.-A-R'Tj^T'.lnr
6y 9 m
6,101p
2,623
2,850p
2,623
101/
•>/i./n
5A6/T7
7-5/8* Bond -
2/1 ' - nlng 2
9y 9 m
2,f?^-y
900
l,000p
900
102/
5/18/77
5/31/77
6-1/8* Note -
5/-
^y
4,223c
190
l,898p
190
103/
5/24/77
b/yn
6-3/4* Note -
6A'^/-i-..:
iy In
4,777p
2,514p
5/25/77
5/31/77
5.403* Bill -
5/30/78
■64d
4,971p
-
2,454p
-
-
1/
^
SoiiTce; Bureau of the FoibHc Debt.
Hote: All 3<^'^.r!^!e- f'^xr-fyA "A '. ?r r.-rrt(^:;\ except i
were
For bi i
valent - ; -r
securitiea iasued at pur exoept Uiooe bearing t'ooutote o anO Uvose
sold at auction. For details of bill offerings see Table PDO-2.
Fr— ^' •" •' additional issue in case of a reopening.
the amount issued is In addition to the amount of
rings.
A/
6/
2/
S/
For securities r the new issues see Table PDO-7.
Tax anticipatl ■ epted at face value in payment of income
taxes due on the iSth d:" the month in which the bills nature.
Sold at fixed price by subecription.
Exch^^ir,*-'' ::-or::ir 'jviilible to fflmers of nonnarke table 2-3/4$ Treasury
bo::' ~:975-S0, dated April 1, 1951. For further
Ini" - offering see Treasury Bulletin for April
191;.. ,...
Issued to Federal Reserve banks and Government accounts in exchange
for notes naturlng August 15, 1974.
///;/(' 19^7
39
PUBLIC DEBT OPERATIONS
Footnotes to Table PDO^.
Prices accepted ranged from 101.23 (yield 3.^3^) down to 100,86
(yield 8.65?) with the average at 101.00 (yield 8.59S).
Prices accepted ranged from 101.50 (yield 3.67^) down to 101,01
(yield 8.78?) with the average at 101.15 (yield 3.75*).
Prices accepted ranged from 99.76 (yield 8.52?) down to 98.00 (yield
8.70?) with the average at 98.70 (yield 8,53?) .
Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing September 30, 197A.
Yields accepted ranged from 8.39? (price 99.75) down to 8.20? (price
100.09) with the average at 3,3A? (price 99.8^).
Yields accepted ranged from 7.93? (price 99,787) down to 7.73?
(price 100.3-49) with the average at 7.89? (price 99.937).
Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing November 15, 197A.
Yields accepted ranged from 7.87? (price 99.685) down to 7.78?
(price 99.921) with the average at 7.85? (price 99.737).
Yields accepted ranged from 7.86? (price 99,416) down to 7.75?
(price 100.000) with the average at 7.82? (price 99.528).
Prices accepted ranged from 103.50 (yield 8.17?) down to 102.79
(yield 8.23?) with the average at 103,04 (yield 8.21?) .
Sale of a "strip" of Treasuiy bills consisting of an additional $200
million of each weekly series maturing from December 12, 1974,
through January 9, 1975,
Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing December 31, 1974.
Yields accepted ranged from 7.37? (price 99.731) down to 7.15?
(price 100.183) with the average at 7.32? (price 99.872).
Prices accepted ranged from 102.20 (yield 7.27?) down to 101,80
(yield 7,37?) with the average at 101.95 (yield 7.33?),
Prices accepted ranged from 100,91 (yield 7,18?) down to 100,80
(yield 7,27?) with the average at 100,84 (yield 7.24?).
Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing February 15, 1975,
Yields accepted ranged from 7.17? (price 99.814) up to 7,23? (price
99.643) with the average at 7.21? (price 99,700).
Yields accepted ranged from 7.40? (price 99.881) up to 7.52? (price
99.311) with the average at 7,49? (price 99,453).
Yields accepted ranged from 7.89? (price 99.837) up to 7.96? (price
99.034) with the average at 7.95? (price 99.191).
Yields accepted ranged from 5.38? (price 99.993) up to 5.98? (price
99.852) with the average at 5.94? (price 99.908),
Yields accepted ranged from 5,97? (price 100.055) up to 5.12? (price
99.778) with the average at 5.09? (price 99.834) .
Prices accepted ranged from 101.51 (yield 7.45?) down to 101.07
(yield 7.54?) with the average at 101.21 (yield 7.51?).
Yields accepted ranged from 5.90? (price 100,082) up to 5.01? (price
99.757) with the average at 5.98? (price 99,991) .
Yields accepted ranged from 5.40? (price 100,185) up to 5,60? (price
99.815) with the average at 6,51? (price 99,982).
Yields accepted ranged from 8.15? (price 100.825) up to 8.37? (price
98.947) with the average at 8.31? (price 99.455).
Yields accepted ranged from 6.95? (price 100.234) up to 7.19? (price
99.855) with the average at 7,15? (price 99.926).
Yields accepted ranged from 7.37? (price 100.009) up to 7.45? (price
99.863) with the average at 7.43? (price 99.900).
Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing May 15 , 1975 .
Yields accepted ranged from 7.50? (price 100.001) up to 7.74? (price
99.W14) with the average at 7.70? (price 99,717),
Yields accepted ranged from 7.95? (price 100.212) up to 8.02? (price
99.394) with the average at 8.00? (price 100.000).
Yields accepted ranged from 8,25? (price 100,000) up to 8,32? (price
99.232) with the average at 8.30? (price 99.450).
Yields accepted ranged from 6.79? (price 99.924) up to 6.92? (price
99.683) with the average at 5.86? (price 99.794).
Yields accepted ranged from 6.38? (price 100.158) up to 6.58? (price
99.895) with the average at 6.54* (price 99.947).
Yields accepted ranged from 6.50? (price 100.000) up to 5.69? (price
99.550) with the average at 6.51? (price 99.797),
Yields accepted ranged from 7,74? (price 100,034) up to 7.85? (price
99.564) with the average at 7.83? (price 99.731).
Yields accepted ranged froi 7.49? (price 100.018) up to 7.53? (price
99.945) with the average at 7.52? (price 99.953),
Issued to Federal Peserve banks and Government accounts in exchange
— for notes maturing August 15, 1975, ^ 7 .
i5/ Yields accepted ranged from 7.75? (price 100.233) up to 7.97? (price
99.595) with the average at 7.94? (price 99.768).
42/ Yields accepted ranged from 8,05? (price 100,343) up to 8.18? (price
99.711) with the average at 8a4?^(prlceJ>9,921) ,
48/ Yields Accepted ranged from 8. 33?"T"price 99.9485^? to 8,48? (price
98 917) with the average at 8,44? (price 99.327) .
Yields accepted ranged from 8.15? (price 100.180) up to 8.29? (price
99.925) with the average at 8,25? (price 99.998),
Yields accepted ranged from 3.45? (price 100.145) up to 8.56? (price
99,773) with the average at 8.54? (price 99.840).
Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing September 30, 1975.
Yields accepted ranged from 8,40? (price 99,955) up to 8,45? (price
99.347) with the average at 8.44? (price 99.833).
Yields accepted ranged from 8.05? (price 99.893) up to 8.13? (price
99 722) with the average at 8.10? (price 99.786) ,
Yields accepted ranged from 8.06? (price 101,121) up to 8,19? (price
99.751) with the average at 3.14? (price 99,899),
Yields accepted ranged from 7,47? (price 100,055) up to 7,59? (pri.-e
99.835) with the average at 7.55? (price 99.909).
^ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing 11/15/75. ._ _
JTT^Telds accepted" raSged" from 7.87? (price 100.027) up to 7.95? (price
99,503) with the average at 7,92? (price 99.752),
2/
10/
11/
12/
w
w
17/
18/
12/
20/
21/
22/
22/
24/
21/
26/
22/
28/
22/
JO/
2i/
22/
22/
2U
2i/
2b/
12/
i2/
40/
a/
42/
i2/
44/
42/'
a/
iZ/
i2/
a/
58/
59/
60/
55/
65/
62/
63/
62/
70/
21/
72/
Prices accepted rangel from 101.73 (yield 8,21?) dom to 101,34
(yield 8.24?) with the average at 101.50 (yield 8.23?).
Yields accepted ranged from 7.24? (price 100.018) up to 7.31? (price
99.890) with the average at 7.28? (price 99.945).
Yields accepted ranged from 7.43? (price 100.238) up to 7.53? (price
99.898) with the average at 7.50? (price 100.0(X>) .
61/ Yields accepted ranged from 7.35? (price 100.108) up to 7.42? (price
99,805) with the average at 7,40? (price 99,892),
62/ Yields accepted ranged from 5.41? (price 99.935) up to 5.51? (price
99,751) with the average at 5,49? (price 99,783),
53/ All accepted subscriptions were awarded at the price of 100.00
(yield 8.00?) ,
64/ Yields accepted ranged from 7,00? (price 100.000) up to 7.09? (price
99.751) with the average at 7.05? (price 99.857),
Prices accepted ranged from 102.14 (yield 8.05?) down to 101.42
(yield 8.12?) with the average at 101.75 (yield 8.09?).
Yields accepted ranged from 6.57? (price 100.039) up to 6.54? (price
99.925) with the average at 6.62? (price 99.957) .
Yields accepted ranged from 7.50? (price 99.990) up to 7.55? (price
99.818) with the average at 7,54? (price 99.853).
Yields accepted ranged from 6.71? (price 100.074) up to 6.30? (price
99.908) with the average at 6.75? (price 99.982) .
Yields accepted ranged from 7.35? (price 100.101) up to 7.39? (price
99.940) with the average at 7.33? (price 99.980),
Yields accepted ranged from 5,59? (price 99.837) up to 5.53? (price
99.755) with the average at 6.61? (price 99.301) .
All accepted subscriptions were awarded at the price of 100.00
Prices accepted ranged from 97.50 (yield 8.11?) to 95.35 (yield
8.22?) with the average at 96.73 (yield 8,19?).
7i/ Yields accepted ranged from 7.08? (price 100.082) up to 7,19?
(price 99,381) with the average at 7,16? (price 99,935),
74/ Yields accepted ranged from 7,68? (price 99,796) up to 7,73?
(price 99,625) with the average at 7,71? (price 99,693).
75/ Yields accepted ranged from 5.95? (price 99.844) up to 7,01?
(price 99,752) with the average at 5.99? (price 99.789),
26/ Yields accepted ranged from 7.60? (price 100,075) up to 7,54?
(price 99,900) with the average at 7,63? (price 99,951).
22/ Yields accepted ranged from 6,90? (price 99,953) up to 6.95? (price
99 843) with the average at 5.95? (price 99.861).
Yields accepted ranged from 6.88? (price 99.987) up to 5.92? (price
90.880) with the average at 6.91? (price 9Q.907).
All accepted subscriptions were awarded at the price of 100.00 (yield
8.00?).
Yields accepted ranged from 7,98? (price 100,215) up to 8,03? (price
QQ 679) with the average at 8.01? (price aq.gcil).
Yields accepted ranged from 6,59? (price 100.065) up to 5.59? (price
aa 880) with the average at 5.57? (price 99,917),
Yields accepted ranged from 6,90? (price 9°. 903) up to 5.94? (pricE
aQ.764) with the average at 5.93? (price 99.799).
32/ Yields accepted ranged from 5.27? (price 99.963) up to 5,32? (price
99.870) with the average at 5.30? (99.907).
8^ Yields accepted ranged from 7.02? (price 99.394) up to 7.10? (price
99.557) with the average at 7.08? (price 99.541) .
84/ Yields accepted ranged from 5.88? (price 99.991) up to 5.99? (price
99.787) with the average at 5.95? (price 99.842).
B^ Yields accepted ranged from 5,32? (price 99.811) up to 5.37? (price
99.577) with the average at 6.35? (price 99.704).
Yields accepted ranged from 7.00? (price 100.000) up to 7.02? (price
99.891) with the average also at 7.02?.
Prices accepted ranged from 101.05 (yield 7.77^) down to 100.58
(yield 7.82?) with the average at 100.79 (yield 7.80?).
Yields accepted ranged from 5.75? (price 99.981) up to 5.94? (price
99.547) with the average at 5.85? (price 99.795).
Yields accepted ranged from 5.87? (price 100.007) up to 5.92? (pric-
99.329) with the average at 5.^1? (price 99.864).
Yields accepted ranged from 5.29? (price (99,925) up to 5.38? (price
99 757) with the average at 5,37? (price 99.775).
Yields accepted ranged from 6,15? (price 99,372) up to 6.20? (price
86/
§2/
38/
89/
90/
91/ . ^ „
99.656) with the average at 6.19? (price 99,599).
92/ Yields accepted ranged from 5,94? (price 99.880) up to 5.99? (price
90 787) with the average at 5.97? (price 99.824).
r2/ Yields accepted ranged from 5.55? (price 90.339) up to 5,64? (price
99.625) with the average at 6.62? (price 99.673),
94/ Yields accepted ranged from 7,21? (price 100,217) up to 7,27? (price
09 892) with the average at 7,25? (price 100,000),
95/ Yields accepted ranged from 7,58? (price 100.530) up to 7.63? (price
00 941) with the average also at 7.63?.
26/ Yields accepted ranged from 5.95? (price 99.861) up to 5.9^4 (price
90 785) with the average at 5,98? (price 99.805).
22/ Yields accepted ranged from 6.85? (price 100. 07^ up to 5.90? (price
QQ 808) with the average at 5,88? (price 00. 968),
28/ Yields accepted ranged from 5,9<» (price 100, Olo) up to 6,03? (price
99.044) with the average at 6.02? (price 99.963).
22/ Yields accepted ranged from 5.Q8? (price 100.058) up to 7.03? (price
OQ.845) with the average at 7,02? (price 99,889),
100/ Yields accepted ranged from 5.84? (price 100.065) up to 5.89? (price
99.972) with the average at 5.87? (price 100.009).
101/ Prices accepted ranged from 100.00 (yield 7.24?) down to 99.76 (yield
7.29?) witll the average at 99.81 (yield 7.28?).
102/ Prices accepted ranged from 98.54 (yield 7.75?) down to 98.13 (yield
7.78?) with the average at 98.25 (yield 7.77?).
102/ Yields accepted ranged from 6.20* (price 09. 361) up tu 6,25? (price
oq 768) with the average at 6.23? (price 99.805).
104/ Yields accepted ranged from 6.75? (price 99.984) up to 5.82* (price
99.738) with the average at 6,80? (price 99.808).
* Less than $500,000,
p Preliminary.
dO
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
;'t.'rtcrirtion oi* securltlo:^
Date of
finfuicin^:
Amount issued
(In miUlona)
Average price
per hundred
Effective
Interest
Eligible securities
ej:.jl.'uire.i
6-1/M IJote
0/'U/77,I
6/30/75
$2,170
$99,797
6.6:£b
//
7-1/2": Note
7/:U/77-K
7/31/75
1,516
99.963
7.52
!■''
's/15/70
75."
1,512
99.75
99.75
7.80
7.80
-
8/15/70-D
6/ 15/70
7-JMt Note
8/15/77-B
2,264
8/31/77-L
^S/15/73
8/29/75
f "^
99.07
99.07
99.07
99.998
7.92
7.92
8.25
4X
2/
2/
Note -
Bond
8/15/73-B
3/15/73
2,654
8-1/4* Note
2,021
S-3/8 Note
9/30/77-M
9/30/75
! 3,193
(
3,226
•'-.ft' -
8.44
8.44
2/
8-3/8
Note -
9/30/75 -G
7-1/2* Note
10/31/77-N
10/31/75
3,156
99.Q( Q
7.55
2/
7-3/4* Note
11A5/77-E
11/15/74
/ 1,059
2,570
:,c..7^7
'•^■.7::7
7.t-'5
7.85
5-3/4*
2/
Note -
11/15/74-A
6-5/8* Note
11/30/77-Q
3/3/76
3,630
2,628
99.957
6.62
2/
7-1/4* Note
12/31/77- P
12/31/75
2,765
"9.945
99.°45
7.52
7.52
2J
Note -
12/31/75-H
1978
6-3/S* Note
i/3iAe^
2/2/76
2,---
r. -._"-■, -■
6.49
ZJ
8* Note
6-3/4* Note
2/28/78-G
3/31/78-K
4/30/78-1
10/7/75
3/31/76
5/17/76
, 2,il5
/ 97
\_ 3,066
, .,-,
6.61
6.61
ZJ
8*
2/
5-3/4*
2/
Note -
Note -
3/31/76-H
-,162
6-1/2* Note
(
\ 2,274
5/15/76-E
2,574
7-1/8* Note
5/15/78-D
5/15/78-F
2/18/75
8/15/75
578
/ 118
I 3,264
99.7.Jij
7.21
7.21
7.21
7.94
7.94
5-3/4*
5-7/8*
2/
5-7/8*
2/
Note -
Note -
Note -
2/15/75-A
2/15/75-E
3,960
7-7/8* Note
/ 1,372
V 3,051
8/15/75-C
4,423
7-1/8* Note
5/31/Va-l.l
6/1/76
/ «2
\ 2,485
Qa,QT6
7.16
7.16
2/
Note -
5/31/76-M
6/30/7&-N
6/30/76
2,567
■
8-3/4*
2/
Note -
£-7/8* Note
69?
V 2,638
3,331
6/30/76-1
6-7/8* Note
7/31/78- P
7/30A6
2,855
99. f-:
6.95
2/
e-3'4* Note
8/15/78-0
8/15/78-E
5/1 5 A4
5/15/75
, 343
/ 240
\^ 1,880
99.717
99.717
7.70
7.70
6*
2/
Note -
5/15/74-0
5/15/74
2,462
7-5/8* Note
\ 2,855
5/15/75 -B
8/31/78-<J
8/31/76
5,155
. ■.
5-7/8*
Note -
6-5/8* Note
\ 2,895
„.o7
2/
2,949
6-1/4* Note
9/30/78-R
9/30/76
326
\_ 2,868
3,1°5
6.30
6.;-o
8-1/4*
2/
Note -
9/30/76-J
Footnotes &t end of table.
J//i/e I<r7
.PUBLIC DEBT OPERATIONS
41
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations -Cont i nuod
i^rintion of ^e'^iir:!
^■fc Note
;-l/8? Note
;-l/iS Note
5-7/e«; Note
7? Note
i-f/Sf, Note
-:-7/8? Note
■'-7/?? Note
6-l/BS Note
7-3/tf Note
6-7/8* Note
e-1/2% Note
6-5/8% Note
7%
Note
6-1/tf Note
7-1/2% Note
19£0
6-1/2? Note
7-1/2? Note
6-7/8? Note
7-5/8? Note
9? Note
10/31/78-S
11/15/7? -B
ll/30/78-T
12/31/78-H
12/31/7e-U
1/31/70-1.
2/15/79-H
2/28/79-M
3/31/70-H
4/3 0/79- P
5/15/79-D
5/n/79-Q
6/30/79-E
S /15/79-J
9/30/79-F
11/15/79-B
11/15/79 -C
11/15/79-K
12/31/79-0
2/15/80 -G
2/15/80 ly
3/31/SO-C
5/15/80-A
6/30/80 -D
8/15/80-B
.iHtr- or
11/1/76
11/15/71
11/30/76
10/22/75
12/31/76
2/1/77
2/17/76
2/28/77
3/^/7"
5/2/77
11/6/74
1/7/75
5/31/77
" 7/9/75
8/16/76
n/4/75
2/15/73
11/15/73
11/15/76
1/6/76
2/15/77
f 1/23/59
\^12/15/62
3/17/76
5/15/73
6/10/76
8/15/74
.'Uiiouiit iSoued
In oil i;.. IIS
136
2,805
2,655
368
1.23?
150p
2,b'34p
2,845t
523p
■.518i,
llOp
l,882p
l,992p
1,016
1,253
190p
l,g9Sp
3,0f7D
5^5
1,009
l,b04
70
,30b
l,300p
■■ , 308 p
2,0o^o
2,63b
2,585
2,043
2,461
1,835
Avf:r:ire price
per hij-iiro'J
99.842
99.75
99.75
99.75
99.75
99.75
99.75
99.75
99,795
99.795
99.300
99.775
90 V'V":
99.824
99.867
99.867
09.867
99.805
99.805
09,963
100.009
100. 009
99. 937
101.95
99.80^
99. 805
99.731
99. 907
99.907
99.840
99.40
99.40
100.88
100.88
00.704
09 . 704
99.678
99.678
99.00
99.50
99.50
99.853
99.29
99.29
99.29
99.693
101.15
101.15
5.96
5.96
6.05
6.05
6.05
6.05
6.05
6.05
6.05
5.86
5.37
5.37
5.97
7.05
7.05
7.05
5.98
5.9S
6.02
6.02
■^.87
5.87
7.89
7.52
6.23
6.23
7.83
6.91
6.91
6.73
6.73
6.82
6.82
6.36
6.36
7.51
6.62
6.62
4.07
4.04
4.04
7.54
7.00
7.00
7.00
8.75
8.75
Fllt:ibie securit
!*:■:' •fxcli;air>"
6-1/2S
2/
Note
5-3/8?
7-3/4?;
4-3/45
6-3/4S
5?-
3-7/8?
4?
Note
Note
Note
Note
Note
Bond
Bond
7-1/8?
2/
Note
2/
7-1/4?
2/
Note
2/'
6-1/4?
5-7/8$
2/
Note
Note
2/
6-1/2?
2/
7-3/8?
2/
2/
2/
C-3/4?
2/
2/
7-1/2?
2/
-7/8?
4-1/2?
2/
6-1/4?
2/
10/31/76-0
11/15/71 -B
11/15/71-G
5/15/73-B
5/15/72 -D
8/15/72-E
11/15/71
8/15/72
11/30/76-N
12/31/76-K.
2/15/76-A
2/15/76-F
2/28/77-F
1/'31/77-C
4/3 0/77- H
5/31/77-1
8/15/76-C
2/15/73-D
11/15/73
11/15/76-D
8?
2/
Note
-
2/15/77-A
2y'
Series
2/
Fee
savings
bonds
2/
7-3/4?
4-3/4?
2/
Note
Note
-
5/15/73-A
5/15/73-E
2/
5-5/8?
Note
-
8/15/74-B
2/'
Jootnotes at end of table.
42
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
'c:.:crlrllon
ol* securities
Date of
rinnnclnr
Amount Issued
(In mllUons)
Average price
per hundred
Effective
Interest
rate
Ei;
:tleD exchanged
loBO
6-7/SJ
5-7/8«
Kote
Nolo
9/30/80-E
12/31/80-F
9/14/76
12/7/76
J2,141
2,692
$99,799
99.867
6.93«
5.91
i/
2/
^
Kote
Note
2/15/81-A
2/15/81-C 2/
2/15/74
2/18/75
\
25
302
1,515
100.28
99.453
99.453
6.95
6.95
7.49
7.49
7-3/4*
4-1/8*
2/
5-3/4*
2/
Note
Bond
Note
-
1,842
7-3/8*
(
400
1,768
2/15/75-A
2,166
I 4/5/76
2,628
99.980
7.38
2/
6-7/8*
note
Note
3/31/81 -H
5/15/81-D
3/8/77
1/26/76
2,808p
2,020
99.568
99.892
6.88
2/
7-3/8*
7.40
iT^
7-5/8*
Note
8/15/81-K
7/9/76
2,586
09.051
7.63
2/
7*
Bond
Note
8/15/81
11/15/81-B
8/15/71
ril/15/74
I V19/75
202
411
W5
99.628
99.628
101.25
7.11
7.11
7.11
7.82
7.82
7.70
8-1/4*
4*
2/
5-V4*
2/
2/
Note
Bond
Note
8/15/71-F
8/15/71
807
7-3/4*
949
1,766
11/15/74-A
2,715
1,762
7*
1982
6-3/8*
6-1/8*
Note
Bond
Note
11/15/ei^j
2/15/82 1/
2/15/82-D
10/12/76
5/15/72
1/6/77
2,543
505
2,697
99.641
100.60
99.6QO
7.08
6.34
6.1Q
2/
2/
2/
8*
Note
Note
5/15/82-A
5A5/82-E
5/15/75
4/4/77
V-
1,233
1,514
100.00
100.00
99.889
8.CC
8.00
7.02
6*
2/
2/
Note
5/15/75-B
2,747
7*
2.ol2p
8-1/8*
Note
8/15/F:-f
S/15/75
L
902
2,017
99.921
8.14
' '
Note
8/15/75-C
7-7/8*
Note
11/15/82-C
11/17/75
I
2,518
99.762
99.762
7.92
7.92
7*
2/
Note
11/15/75-D
loe-j
7*
Note
11/15/83-B
11/15/76
f
2,002
50
2,25°
ao.,'Jo;i
7.02
7.02
6-1/4*
2/
Note
-
2,.?0Q
1SS4
<
2/15/77
/
681p
2,024p
2,905p
100. pr
100.00
7.25
7.25
f*
2/
Note
2/15/77-A
7-1/4*
Note
2/15/84-A
5/16/77
2,623p
2,900p
99.81
99.81
7.28
7.28
9*
2/
Note
5/15/77-D
Bond
Bond
8/15/84
5/15/85
^
5,532p
15
252
221
133
164
535
265
457
268
41
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
100.50
6.50
6.50
6.50
6.50
6.50
o. >.-
6.50
6. 50
3.22
5*
4*
f •'
5-:v4<
3-7/8*
5-3/4*
5-7/«
2/
6-3/8*
8/15/72
6/3/58
1
f
\
Note
Bond
■-:>nd
■ te
i.nd
Note
Bond
Note
Note
8/15/72-E
8A5/72
9A5/67-72
11/15/72-F
- 12/15/67-72
11/15/74-A
11/15/74
2/15/75-A
2/15/75-E
2,353
,19?5
3-1/4*
1,135
1986
6-1/8*
Bond
Bond
11/15/86
8/15/87-921/
UA5/71
8/15/62
\
r
98
487
187
58
36
268
5f
99.75
99.75
99.75
99.75
99.75
99.75
99.75
99.75
ioi.;v;
101. v<.
101.00
6.15
6.15
6.15
6.15
6.15
6.15
■j.l5
■ .15
4.19
4.19
4.19
7-3/4*
4-3/4*
6- ■ ■'
■>'
4*
2/
4*
3-1/4*
2/
.'.Jte
Note
Note
Note
Note
11, 15/71 -B
11/15/71.C
5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
l,2lD
1967
4-1/4*
5
-60
8/15/62-B
8/15/62-0
165
Footnotes at end of table.
///;/(' /9"'7
43
PUBLIC DEBT OPERATIONS.
Table PE)0-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations— Continued
De.icription of seemn tie:;
rinancirLg
Airioimt i:- ;-.uei.
(In miliioiu--J
per hundred
intGre;-:t
rate
Eligible sectirities exchanged
19ge
7-1/2$ Bond
1989
4-1/8%
Bond
IQQO,
8-1/4%
Bond
6-3/4%
Bond
7%
Bond
19Q4
-1/2% Bond
1995
7-7/8% Bond
8-3/8% Bond
1996
8% Bond
8-1/4% Bond
7-5/8% Bond
2/15/88-93
8/15/88-93
5/15/89-94
5/15/aO
2/15/9^
5/15/9^-98
5/15/94-99
2/15/95-00
8/15/95-00
8/15/96-01
5/15/00-05
2/15/02-07
1/ Additional issue.
2/ Issued for cash,
2/ Treasuiry Notes, 7-
1/17/63
8/15/73
^ 11/15/73
2/15/74
4/18/63
4/7/75
1/10/73
5/17/76
5/15/74
^ S/15/74
11/15/74
2/18/75
5/17/76
__ll/15/76
/■ 8/15/75
I.
11/17/75
8/16/76
5/15/75
^^ 2/17/76
2/15/77
5/16/77
93
333
500
1,247
40
652
I'jp
1^2
oO;:
041
l.OOlp
313
i.Uh
15'
342
i,"!?;
I.dC:
215
402
^Qlp
753p
i,l43p
52 7p
3T3p
l.OOIp
l,903p
$90.85
95.05
95.05
95.05
100.14
100.14
100.45
100.45
100.45
100.55
99.455
99.50
98.75
98.75
102.85
102.85
98.70
98.70
103.04
103.04
10:'. 04
09.191
99.101
96.73
96.73
100.79
99.327
101.50
101.50
99.893
99.893
99.450
99.450
99.450
101.75
101.75
Qo.c,4l
00,0^1
98.25
98.25
98.25
4.01
8.00
8.00
8.00
7.78
7.78
7.68
7.68
7.68
4.09
8.31
6.79
7.11
7.11
8.21
8.21
8.46
8.46
8.37
8.37
8.37
7.95
7.95
8.19
8.19
8.44
8.44
8.33
8.33
8.02
8.02
8.02
8.30
8.30
8.30
8.09
8.09
7.63
7.63
8-1/83;
4%
2/
4-1/8%
2/
2/
Note
Bond
7-3/4%
4-1/8%
2/
Note
Bond
2/
2/
2/
7--V4%
2/'
Note
4-1/4%
2/
Bond
5-5/8%
2/
Note
5-3/4%
3-7/8%
2/
Note
Bond
5-3/4%
2/
Note
6-1/2%
2/
Note
2/
5-7/8%
2/
Note
7%
2/
Note
7-1/2%
6-1/2%
2/
Note
Note
5-7/8%
6%
2/
Note
Note
6-1/4%
2/
Note
e^7/8%
Note
9%
Note
2/
e/15/73-B
8/15/73
11/15/73
2/15/74-C
2/15/74
5/15/73-A
5/15/74
8/15/74-
11/1 5/74 -A
11/15/74
2/15/75-A
5/15/76-B
8/15/75-C
11/15/75-D
8/15/76-C
F/15/76-G
5/15/75-F
5/15/75-B
2/15/76-A
2/15/77 -A
5A5/77-0
5/15/77-D
3/8% Series C-19S1 and 7-3/8% Series E-logl
consolidated effective Sept.
Less than $500,000.
Preliminary.
44
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills 1/
(In millions of Jollars)
I,-.-i:.-:-
Allotirioiit^ by Investor classes
Deaoription of jecurltlea
Atiwuilt
i:-.su.',l
■■.J. Cov-
ernaient
accounts
and
Federal
Keserve
banks 2/
Coiumer-
clol
banks
i/
indi-
vidu-
als
i/
Insur-
ance
compa-
nies
Mutual
sav-
ings
banks
Corpo-
rations
1/
i-rivate
pension
and re-
tirement
funds
state and local
governments 6/
Dealers
and
brokers
For
cash
In
exchange
for
other
aec-iiri-
tle;;
Unte 01'
finano-
In,:
pension
and re-
tire-
ment
]-':r,6s.
Other
funds
All
other
2/
r-V 1^/70
f-'-i/it Note -
( •■-3/4-f Note -
2/15/74^'
8/15/77-B
-
3 ,130
2 [204
;50
470
1,929
967
166
74
'■e
29
38
22
'.'■,
D
167
■',7
335
513
248
72
-lO! Note -
/ '-V.'-S Note -
< -l/.^r Note -
2/15/72-C
5A5/74-D
8A 5/76-C 8/
3,100
190
4,505
2,511
190
836
811
1,664
2,481
1 ,033
656
292
94
1 "i
u
24
43
37
10
78
61
40
18
13
7
4
110
193
22
.■60
•43
;!92
325
205
77
U/lc, 7."
r-V-.' Note -
5/15/72-D
2,037
-
-
1,593
119
2
4
11
3
•
4
108
104
?/ 15/71
5-7/sr, Note -
j,-l/Ai Note -
8A5/75-C
2A5/78-A
-
7,679
8,389
2,319
2,722
3,586
3,122
235
431
77
116
34
90
91
98
22
133
8
123
260
496
714
631
334
424
V1V7I
[■yf Note -
\_5-y4* Note -
8A5/72-E
11A5/74-A 8/
-
3,452
3,231
1,457
1,046
1,351
1,257
138
246
22
36
13
26
30
38
13
26
Q3
177
263
135
196
o/Jo/71
6* Note -
nA5/72-F
2,285
-
-
2,071
19
2
3
8
2
■
2
68
111
8/15/71
'7i Note -
7i Bond -
11/1 5/75 -D
8/15/81
195
3,115
613
592
351
1,542
112
130
210
5Q
35
9
37
8
9
2
;;.
6
405
76
209
24
f/li,',l
6-1/2* Note -
2A5/73-C
2,514
-
-
2,036
57
2
5
36
2
•J 2
272
52
9/8/71
6-1/4* Note -
11/15/76-D
1,283
-
-
1,046
15
2
1
5
1
■
21
125
67
10/22/71
5-7/8* Note -
2/15/75-E
2,045
-
-
1,833
9
1
1
15
1
I
14
46
104
11A5/71
(-4-7/8* Note -
( 6* Note -
1,6-1/8* Bond -
11/15/73-D
11/15/7S-B
11/15/86
2,768
24
1,500
8,207
1,192
1,500
2,915
673
1,566
3,197
296
15
240
31
1
47
6
4
33
1
-J 2
5:
1
1"
0
2
53
235
3
992
1,150
185
84
311
13
2/15/72
r5-3/4* Note -
\^6-3/8* Bond -
5A5/76-E
2/15/82
66
2,802
2,131
420
554
1,446
777
85
221
23
79
26
29
■ 6
5
?1
I
.36
85
46
558
296
117
la
V3/72
5-7/8* Note -
5/1 5/75 -F
1,776
-
-
1,605
15
1
/,
]
I
1
70
54
5/15/73
f'4-3/4* Note -
\^o-:v?t Bond -
5/15/73-E
2/15/82 8/
1,279
505
2,514
2,514
1,231
?53
6
15
*
*
1
.
,.
1
10
125
26
10
8/15/72
'5-7/SS Note -
6-1/4* Note -
1.6-3/8* Bond -
2/15/76-F
8/15/79-A
8/15/84
41
4,945
4,559
2,312
1,028
1,437
1,180
2,557
1,606
512
84
166
82
68
89
28
33
44
7
202
43
23
3
24
31
2
6
79
100
33
T
)P.H
10/19/72
6{f Note -
9/30/74-E
2,060
-
-
1,990
9
1
1
3
.
.
.
15
41
11/15/72
6-1/4* Note -
11/15/76-D 8/
3,041
-
105
2,230
24
2
3
31
2
2
440
202
12/28/72
5-7/8* Note -
1 2/31/74 -F
2,102
-
-
2,062
6
3
1
«
-
-
1
29
lAO/73
6-3/4* Bond -
2/15/93
627
-
-
291
40
^C'
6
i2
2
1
214
2
2/15/73
fb-l/2% Note -
\ 6-5/8* Note -
8A5/76-G
11/15/79-B
1,009
3,883
595
1,392
595
1,878
556
71
23
16
5
1
17
,
68
21
273
296
104
112
5/15/73
^6-7/8* Note -
[7% Bond -
5/15/80-A
5/15/93-98
2,043
652
5,221
40
5,275
140
1,320
102
111
14
3
1
2
49
39
6
1
1
8
26
11
400
346
71
30
8A5/73
17-1/4* Note -
\^7-l/2* Bond -
8/15/77-B §/
8/15/88-93
2,026
500
628
425
630
665
1,438
?3
183
34
e
27
4
41
28
1
2
1
6
16
1
309
56
23
23
9/4/73
a -3/8* Note -
9/30/75-0
2,042
-
61
1 ,097
188
1
6
9
7
.
7
644
22
11/15/73
C7i Note -
I 7* Note -
V7-1/2* Bond -
12/31/75-K
11/15/79 -C
8/15/88-93 £/
1,511
2,021
302
220
220
136
220
220
136
1,003
1,366
83
41
25
18
7
10
2
1
73
136
4
8
6
2
59
20
15
312
447
98
47
16
35
2/15/74
'6-7/8* Note -
7* Note -
"^7-1/2* Bond -
5A5/77-C
2A5/81-A
8A5/88-93 a/
2,258
1,515
301
307
327
250
307 ■
327
250
1,519
1,094
173
46
21
11
8
2
1
7
38
22
4
1
:
14
473
370
103
151
6
9
4/9/74
8* Note -
3/31/76-H
1,532
-
35
1,016
154
10
3
23
S
2
11
165
100
5/15/74
('8-3/4* Note -
1 8-3/4* Note -
>> 8-1/2* Bond -
6/30/76-1
8/15/78-C
5/15/94-99
2,048
1,879
309
656
583
279
656
583
279
1,224
1,315
106
?r-'
^ ^
10
10
1
9
13
3
14
14
10
3
5
5
16
21
1
288
96
51
202
125
56
8A5/74
fo* Note -
( 9* Note -
1^8-1/2* Bond -
8/15/80 -B
5/15/77-D
5/15/94-99 £/
1,835
2,393
400
2,461
2,936
486
2,461
2,936
486
610
821
129
816
16
11
5
2
38
21
7
5
1
4
10
11
13
10
367
56
224
636
5
9/30/74
11/6 /74
8-1/4* Note -
7-7/8* Note -
9/30/76J
5/15/79-D
1,818
1,016
205
205
1,174
581
204
164
8
4
1
27
12
13
10
27
6
336
232
29
5
11/15/74
f7-3/4* Note -
< 7-3/4* Note -
(8-1/2* Bond -
11/15/77 -E
11/15/81-B
5A5/94-99 2/
2,571
1,766
603
1,059
949
338
1,059
949
338
1,371
913
2i6
191
144
30
23
1
6
1
M
29
9
18
5
4
2
1
4
13
Q
1
29i
3
12/31/74
7-1/4* Note -
12/31/76-K
2,205
77
77
1,195
62
■
«
39
7
2
1
676
223
1/7/75
7-7/8* Note -
5/15/79-D £/
1,253
-
-
855
27
.
_
10
.
_
.
350
11
1/9/75
8* Note -
3/31/76-H 2/
756
-
-
593
63
«
-
3
1
-
1
93
2
2/18/75
(7-1/8* Note -
< 7-3/8* Note -
1 7-7/8* Bond -
5/15/78-D
2/15/81-C
2/15/95-00
3,26;-
1,768
752
697
400
150
697
400
150
2,054
1,061
276
156
64
23
1,:
7
IC
6
13
72
94
n
11
23
1
10
29
1
7
578
484
356
340
17
42
Footnotes
at end of table
.
June 1977
45
.PUBLIC DEBT OPERATIONS
Table PDO-6 - Allotments
by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills i, —Continued
( In millions
jf dollar
J
I,-7i.»,
U
otment .
by inve.
:•:!■ Cl-JS,
es
Ajiiount
issued
U.S. Gov-
ernment
State and local
governmients b^''
In
Hate of
Description
of securities
For
cash
exchange
for
other
accounts
and
Federal
Reserve
Commer-
cial
banks
i/
Indi-
vidu-
als
insur-
ance
cumpa-
tiies
Mutual
sav-
ings
banks
Corpo-
rations
pension
and re-
tirement
Dealers
and
brokers
All
financ-
ing
Pension
and re-
tire-
other
other
7/
securi-
b.anks 2/
funds
fluids
ties-
ment
fliTidS
VV75
/"b^ Note -
2/28/77-F
1,555
,
_
2C
,14
175
(^5-7/W Note -
8/31/76-L
1,552
-
-
r,10
"■:d
1
16
11
Q
480
183
V19/75
7-3/4? Note -
11/15/81-B 8/'
1,762
-
-
879
77
6
15
9
1
.
720
49
3/25/75
6? Note -
5/31/75-M
1,580
-
-
1,018
33
1
7
6
1
•
1 .
290
.m
3/31/75
5-1/2? Note -
3/31/77-C
2,576
-
:''.!'">
l.POr,
"2
7
17
28
3
11
15
677
Ibl
4/7/75
8-1/4* Bond -
5/15/90
1,247
-
-
23
4-
37
-
2iJ
c'
J'
676
68
4/8/75
7-1/8% Note -
11/30/76-N
1,507
-
-
7? ■
;J
-
S
■4
1
-
486
172
4/30/75
7-3/8?. Note -
4/30/77-H
1,570
-
-
8 ;:C
72
16
2.;
5
8
518
100
fy-i/ef Note -
8/15/7S-E
2,855
1 , icv
:■ , "-iji)
1,405
1Q5
I--
■1
61
0
.1
6
960
113
5/15/75
{ 8? Note -
5/15/a2-A
1,514
1,233
1,234
ool
lie
7
7
52
9
4
604
18
18-1/4* Bond -
5/15/00-05
754
850
850
251
?7
6
1
50
7
51
1
344
6
5/S7/75
6-V4?i Note -
5/31/77-1
2,1'7
-
-
1,187
12;
0
13
5-
8
10
563
162
6/6/75
6-1/2? Note -
lO/il/76-0
1,57Q
-
-
824
51
1
Q
22
2
S
IV
513
132
6/30/75
6-1/2* Note -
5/30/77-J
2,170
-
162
1.15b
5-
2
5
111
1
13
16
545
109
7/9/75
7-3/4? Note -
6/30/79-E
1,782
-
-
nrl
47
6'
17
42
1 ■■
5
642
42
7/31/75
7-1/2* Note -
7/31/77-K
1,516
-
-
416
65
3
25
12
1
5
772
192
('7-7/8? Note -
5/15/7e-F
3,051
1,^72
1 , 72
l,t'lo
134
l-<
3S
?■■:
lb
b
20
599
273
8/15/75
/ 8-1/8* Note -
8/15/S2-B
2,015
•-1O2
902
847
85
34
22
8b
37
2°
14
793
69
1 R-5/8* Bond -
8/15/95-00
801
31'
U3
217
18
'"-
1
40
10
4
l"'
465
10
8/29/75
8-1/4? Note -
8/31/77-L
2,021
-
10
l,lfS
104
4
32
■4
1
b
.346
103
9/4/75
8-1/2* Note -
9/30/79-F
2,081
-
-
1,1140
150
21
16
42
Ip
2^
4.48
294
9/30/75
8-3/8* Note -
9/10/77-M
3,19'i
', (
3;
1,783
511
15
30
l':4
b5
21
385
236
10/7/75
8? Note -
2/28/78-0
2,115
-
i^
074
^^50
8
11
70
4
341
94
10/22/75
8-1/8* Note -
12/31/78-H
2,517
-
-
I.4OU
130
6
1
5 3
6
-
721
195
10/31/75
7-1/2? Note -
10/31/77-N
3,15b
-
-
l,bO'
250
15
11
127
i:<
2
1
716
328
11/17/75
'7-7/S? Note -
11/15/82-C
2,518
384
384
1,144
10
0
b4
20
■7
70
1,017
10
\8-3/8? Bond -
8/15/95-00 8/
1,001
150
150
217
1'-'
2
IQ
I'l
12
11
1
b07
4
12/31/75
7-1/4? Note -
12/31/77-P
2,553
212
212
1.610
147
15
25
03
li
1
22
445
182
1/6/76
7-1/2? Note -
12/31/79-0
2,005
-
-
l,olu
77
11
13
"■•2
11
•
11
i.66
175
1/26/76
7-3/8? Note -
5/15/81-D
2,020
-
-
1,121
25
17
35
36
11
12
12
650
101
2/2/76
6-:!/8? Note -
1/31/78^
2,511
-
ISO
1,252
52
2
11
55
5
2
505
340
1 7* Note -
2/15/79-H
3,092
1,600
1,600
1,675
122
19
29
4"
21
2
46
815
314
2/17/76
< 8* Note -
2/15/83-A
6,019
l,c•'^a
1 .^39
1,761
2,285
117
101
496
100
25
;-.6
89
808
1^8-1/4? Bond -
5/15/00-05 8/
402
215
'215
01
8
-
9
10
34
*
250
*
3/3/76
5-5/8? Note -
U/3O/77-Q
2,628
-
-
1.50?
61
5
32
:'6
15
2
■168
304
3/17/76
7-1/2* Note -
3/31/80^
2,059
-
-
1,010
162
11
25
40
52
5
7
648
89
3/31/76
6-3/4* Note -
3/31/78-K
3,055
c,7
97
1,084
152
9
22
121
5
5
4
551
502
4/5/76
7-3/8* Note -
2/15/81-C
2,528
-
-
l,lo8
119
26
32
38
23
2
17
852
321
f5-l/2* Note -
4/30/78-L
2,274
300
■:00
1,246
126
17
2 3
2b
8
2
14
358
454
5/17/76
J 7-7/8* Note -
5/15/86-A
4,747
472
472
1,894
1,141
122
44
407
214
39
82
346
458
1 7-7/8? Bond -
2/15/95-00 8/
751
117
117
iDb
12
-
1
40
6
10
469
33
6/1/75
7-1/8* Note -
5/31/78-M
2,485
82
32
1,329
68
J
13
153
5
-
42
505
351
6/10/76
7-5/8* Note -
6/30/80 -D
2,185
-
-
1,116
178
19
16
32
10
*
31
588
195
6/30/76
5-7/8* Note -
5/30/78-N
2,539
692
692
1,,15
134
6
12
78
101
S
1
19
532
1,036
334
128
iOl
7/9/76
7-5/a? Note -
8/15/81-F
2,585
-
-
1,161
94
If
13
22
4
'
7/30/75
5-7/8? Note -
7/31/78-P
2,855
-
-
1,663
59
12
20
24
4
*
24
74 s
('5-7/8? Note -
8/15/79-J
2,230
700
700
1:1.57
130
li
-17
117
15
w
7
4^4-
255
8/16/75
( 3* Note -
8/15/36-B
8,030
1,476
1,475
2,350
3.543
16-
126
572
344
y-'
71
170
479
673
536
34
595
8/31/75
(?■% Bond -
6-5/8* Note -
8/i5/9^01
8/31/78- Q
983
2,895
592
54
592
^4
345
l,21o
29
35
3
13
62
22
116
12
7
40
5
35
9/14/75
6^7/3* Note -
9/3O/8O-E
2,141
-
-
Q(>t
121
26
12
33
20
3
12
770
235
5')2
9/30/76
6-1/4* Note -
9/30/78-R
2,869
'26
326
1,62°
b^'
7
11
70
13
1
471
10/12/76
7* Note -
11/15/81-Q
2,543
-
-
1,356
83
24
44
44
21
14
'-"^
116
Footnotes at end of table.
46
Treasury Bulletin
PUBLIC DEBT OPERATIONS,
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills ^ ' —Continued
(In millions of dollnrs)
i'\l
Qtrients
by inves
t^r
Amount
issued
U.S. Cov-
Date of
Description of oecvu-ltles
Kor
cash
In
exctinn^e
erniDent
accounts
and
Commer-
cial
Indi-
vidu-
Insur-
ance
Mutual
sav-
Corpo-
rations
Private
pension
and re-
i^ove.-rji^r.ts 6/
Dealers
and
All
financ-
Pension
other
llW
other
securi-
i^ederal
Reserve
ban>;s 2/
banks
3/
als
'J
compa-
nies
ings
banks
V
tire-
ment
funds
and re-
tire-
ment
Other
funds
brokers
2/
ties
funds
11/1/76
5-7/816 Note -
i-/,-i/7e^
2,823
98
98
1,307
46
5
1';
>4
5
6
23
775
587
fb-l/it Note -
11/15/79-K
3,306
70
70
1,227
67
11
13
26
7
^j
1,025
923
11/15/76
\ ft Note -
11/15/63-8
2,259
50
50
906
140
?2
16
58
16
',
1.
800
286
[w-y/Bt Bond -
2/15/95-00 S/
1,001
-
-
313
n
4
5
?.'.
2-
589
8
11/30/76
5-3/4« Note -
11/30/78-T
2,805
136
136
1,176
34
9
15
51
Q
-
'-
953
552
12/7/76
5-7/8« Note -
12/31/30-P
2,692
-
-
1,234
43
3
13
33
3
1
5
861
491
12/31 A6
5-lA* Note -
12/31/73- U
3,124
252
252
1,168
37
6
14
43
2
-
3
1,035
816
1/6/77
6-1/3* Note -
2A5/82-D
2,697
-
-
l,404r
23
74
"^
."^0
2
.'.1
€68
339P
2/V77
5-7/8JI Note -
1/31/79-L
2,855
-
-
1,156.^
lo
1 ■
1
t
899
687
2/15/77
fi^l/ii Note -
2/15/80-0
3,308
'.,JU".
1,300
1,704
i^O
33
40
ii',.
—,
9
44
863
355
( 7-1 A? Note -
2A5/84-A
2,024
881
861
981
126
34
13
83
104
16
640
22
1 7-5/8* Bond -
2/15/02-Cr7
752
391
391
138
51
2T
6
43
35
1
440
8
2/26/77
5-7/8* Note -
2/28/79-M
2,695
150
1,001
34
>'
17
37
8
A
804
782
3/8/77
6-7/8* Note -
3/31/81-H
2,809
-
l,276r
70
10
ISr
154
46
4
617r
6Ur
3/31/^7
6* Note -
3/31/79-N
2,996
523
523 '
1,247
72
S
16
"l
9
•i
■^
562
1,010
!./i.M
n Note -
5/15/82-E
2,613
-
1,376
83
9
28
•..;
'^•
1
609
370
in/Tj
5-7/8* Note -
4/30/79- P
1,882
UO
110
660
27
*■
9
1
3
484
606
Jource: '-•-.•f-: on subscription and allotraent reports. For detail of
offerings see Table PDO-^.
i/ Excludes 1-1/2^ Treasury notes issued in exchange to holders of non-
marJcetable 2-3A^ Treasury bonds. Investment Series »-K'"'^--' .
2/ Includes trust funds and accounts that comprise Cover- -ts
under the unified budget concept.
2/ Includes trust companies and stock s-- " .:,
V' Includes partnerships and personal t- '^s.
i/ Exclusive of banits and insurance co::: ■
6/ Consists of trust, sinking, and investment funds of State .jid lorsi
governments and their agencies.
7/ Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accoimte in this
coxintry. Also Included are certain Government deposit accounts and
Government-sponsored agencies.
8/ Reopening of earlier issue,
» Less than $500,000. r Revised.
Jntn^ 79-77
41
PUBLIC DEBT OPERATIONS,
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Bills Other than Regular Weekly Series
',
n millions of dollars )
Total amount issued
Allotments
by investor
classe-
1-1 .S. Gov-
Date of
Date of
Average
emnpent
financing
maturity
rate
sei'iet-
9 -month
series \J
Tax aiitT. -
ipation
series
■..-week
series
accounts
and Federal
Reserve
barilrs 2/
ComjTier-
cial
banks
. orpo-
rat ioiis
3/
Lealert
and
brokers
All
other V
7/31/72
{ 4/30/^3
4.723
4.918
1,201
',:,:!
627
^2
1--
337
i;5
26
8/31/72
5/31/73
5.040
501
73
76
.
165
187
\ 8/28/73
5.178
1,803
194
953
1
608
47
9/30/72
r 6/30/73
5.346
500
140
109
»
135
116
L 9/25/73
5.529
1,801
654
594
6
408
140
10/31/72
/ 7/31/73
5.223
501
125
186
*
150
30
10/23/73
5.318
1,30 J
578
504
2
632
85
11/24/72
4/20/73
4.721
2,012
1,'>32
„..
g
11/30/72
11/20/73
5.225
1,802
60^
164
75
499
455
12/5/72
6/22/73
5.089
2,510
2 , 505
,;
1
12/31/72
12/18/73
5.337
1,800
728
308
535
177
1/31/73
1/15/74
5.986
1,804
747
513
4
113
222
2/28/73
2/12/74
6.050
1,801
745
533
3
382
138
3/31/73
3/12/74
6.616
1,790
7bO
332
17
474
207
4/30/73
4/9/74
6.598
1,802
715
531
1
135
420
5/31/73
5/7/74
6.8-18
1,800
500
627
6
255
412
6/30/73
6/4/74
7.235
1,301
625
330
5
544
.297
7/31/73.
7/2/74
8.392
1.802
727
562
2
276
235
8/15/73
9/19/73
9.803
2,017
_
1,944
_
73
8/28/73
8/27/74
3.337
1,305
421
4 58
5
584
337
9/25/73
9/24/74
8.057
1,802
ow
333
5
548
272
10/9/73
7/30/74
7.702
1,304 6/
-
1,508
40
45
21
10/23/73
10/22/74
4/19/74
7.132
6.765
2,007
1,30.;
015
415
1
400
371
11/1/73
-
2:1
3
11/20/73
11/19/74
7.708
1,801
600
515
10.
y;-^
497
11/30/73
( 4/19/74
7.830
1,00: i/
-
703
-
185
114
\^ 6/21/74
7.790
; , yj
-
1,d34
-
170
195
12/18/73
12/17/74
6.880
1,30.-:
303
192
1
430
372
1/15/74
1/14/75
6.948
1,802
728
613
*
171
283
2/12/74
2AI/75
6.342
1 , 802
871
423
26
3SQ
10
223
3/4/74
4/19/74
7.452
1.516 i/'
-
1,504
2
3A2/74
3/11/75
6.SQ7
1 ,301
757
618
11
200
215
3/29/74
6/21/74
3.306
2.52? i/
-
2 , 500
-
20
5
4/9/74
4/8/75
7.887
1,801
069
392
11
414
315
5/7/74
5/6/75
8.422
1 , 802
5b7
^J-^
6
144
346
6/4/74
6/3/75
3.249
1,302
042
400
11
444
305
7/2/74
7A/75
8.256
1,802
75c, .
442
12
331
208
7/30/74
7/29/75
7.836
1 , 80(1
53 b
631
15
' 3 b
135
8/7/74
9/20/74
9.652
1,502
~
1,438
-
"53
1
8/27/74
8/26/75
9.564
1,801
4-15
sn
21
335
150
9/24/74
9/23/75
8.341
1,803
727
431
7
433
14;
10/22/74
10/21/75
7.629
2,003
70b
524
l;
652
lU
11/V74
6/19/75
7.933
1,501 7/
2,002
653
891
659
1
495
114
IIA9/74
' 11/18/75
77362
4
381
305
12/3/74
4A5/75
7.426
2.251
-
803
35
1,173
40
12/5/74
6/17/75
7.520
1.25b
-
703
9
331
213
12/17/74
12/16/75
6.625
2,001
8?7
356
8
361
439
1/14/75
1/13/76
6.373
2,001
70b
506
27
436
326
2/11/75
2/10/76
5.311
2,103
57b
676
28
532
241
3/11/75
3/«/76
5.537
2,102
717
610
1
495
270
4/8/75
4/6/76
6.474
2,205
A^6
388
37
529
515
5/6/75
5/4/76
6.400
2,435
b-4
59a
54
709
iSQ
6/3/75
6/1/76
5.803
2,404
t.>0
495
7Q
540
500
522
7/1/75
6/29/76
6.2Q2
2,591
,:,Q«.
555
10
809
7/29/75
8/26/75
9/23/75
10/21/75
7/27/76
8/24/76
9/21/76
10/19/76
6.782
7.331
7.340
6.500
2,293
2,893
2,360
3,062
...40
723
60 5
289
808
1,085
1,080
10
82
35
147
925
1,027
501
718
429
591
515
422
11/18/75
11/15/76
6.010
3,245
708
1,152
VI
735
531
12/16/75
12/14/76
6.440
3,253
7Q0
979
12
628
344
l/lJ/76
1/11/77
5.578
3,06Q
806
717
47
943
555
2A0/76
l/3/7f.
2/8/77
3/8/77
5.572
6.010
2,930
3,105
587
795
391
1,083
99
6
786
971
557
250
Footnotes at end of table.
48
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Bills Other than Regular Weekly Series— Continued
'In millions of dollQra)
■ ■ :.-:-i;,--l
Allotments
by investor classes
;■..■;. oov-
Dote of
r Inane Inf
Dote of
maturity
Average
rate
( Percent )
One -year
series
9-ii)onth
aeries 1/
Tax antic-
ipation
series
52-«ic.;-
serlej
■ .-nt
..'its
.:_:. /eJeral
Reserve
banks 2/
Commer-
cial
banks
Corpc-
rat ions
2/
Dealers
and
brokers
All
other i/
/./u/7u
4/5/77
5.781
J'....
5A/76
5/3/77
5.645
J, - >
V-:^
i,-.^^
■,.._,>-■
5t4
6/1/76
5/31/77
6.309
2,921
441
782
],r-7
501
6/;q/76
6/28/77
6.082
2,612
796
332
1,0%
387
7/27/76
7/26/77
5.887
2,977
748
841
4U
1,034
314
S/24/76
8/23/77
5.634
2,953
597
1,042
27
951
336
9/21/76
9/20/77
5.561
2,917
?0.?
455
12
1,356
.■?9?
10/19/76
10/18/77
5.126
3,095
IV
rflT
11/15/76
11/15/77
5.201
3,40?
1,..,"".
12/14/76
12/31/77
4.708
3,505
Kfl
■ -
1/11/77
1/10/78
4.728
3,071
855
2/8/n
2/7/78
5.3«
3,105
591
3/8/77
3/7/78
5.226
3,208
984
4/V77
4/4/78
5.158
'■.'■'■?
?An
.' ,'' ' ,
11
1.1-4
951
5/3/77
5/2/78
5.163
r o-i^
894
h:A
;••
"555
608
Source: Based on subscription and allotment reports. For detail of
offerings see Table PDO-4,
1/ Reopeninn of one-year series.
2/ Includes trust fxinds and accounts that comprise Cover:
xinder the unified budget concept,
2/ Exclusive of banks and insurance companies.
V^ Included with all other investors are certain Goverr.r
counts and Government -sponsored agencies, formerly ir.
jient investment accounts.
_ ^ng of earlier issue.
;_ -, -.■■■■■ i:;;L-;ije.
2/ bipedal
* Less ti
juuc 1977
49
PUBLIC DEBT OPERATIONS.
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
uiiar aiTtiunts in millions;
Da t ^' of
- ■. .-,iriti.--u i,' 1
Disposition offers
by Treasur;,-
Rosults of ex-
?hani^e offers
Description ci" new
retXinding
or retire-
ment
no5,--i
ipl ii-.n
L.-.t-U'-'
Amount
out-
standing
securities offered
■:ash
retire-
ment
Exchange
security
offered
iix changed
■fui'ned
in for
cash 2/
(See also Table PDO-4)
7/31/73
4.-:'ia': Pill
^5.223% Bill
7/31/73
7/31/73
■7 '31/72
7/31/72
1,201
501
i,2on
501
J
-
-
-
S/15/73
/s-V8* Note
I. 4* Bond
- S/15/73- B
8/l5/?3
2/15/70
-'/15/63
1,839
3,3-^4
1,514"!
3,166|-
325 V
728 5/
-
-
8/2S/7 3
5.178:5 Bill
8/28/73
8/.il/72
1,803
1,803
-
-
-
9/19/'73
9. 803* Bill
9/19/73
8/15/73
2,017
2,017 y
-
-
-
'0/25/73
5.529? Pill
■V25/73
9/30/72
1,301
1,801
-
-
-
10/1/73
10/23/73
11/15/7:'
1-1/2% Note
y.-aS% Bill
4 -1/8 J Bond
5.225f. Bill
5.337% Bill
- 10/1/73-EO
lu/2.V7-(
11/15/73
11/20/73
12/13/73
10/1/58
10/31/72
7/22/64
11/30/72
12/31/72
30
1,802
4.;W3
1,802
1,800
30
1,802
3,760
1,802
1,300
576 bj
-
-
1A5A4
5.986% Bill
1/15/74
1/31/73
1,804
1,804
-
-
-
2A2/74
c.050:t Bill
2,.12/"4
2/28/7:i
1,301
1,801
-
-
-
2/15/74
r 7-3/4% Mote
V 4-1/8% Bond
- 2/15/74-C
2/15/74
-yi5/'ra
1/15/65
2,960
2,466
2,621
1,902
342 y
542 1/
-
3A2/74
4A/74
4/9/74
6.616% Bill
1-1/2% Note
6.598? Bill
3/12/74
- 4/1/74- EA
4/9/74
3/31/73
4/1/69
4/30/73
1,790
34
1.B02
1,790
34
1,802
-
-
-
4Aa/74
f 6.765% Bill
7.830% Bill
(^7.452% Bill
4A9/74
4A.'/74
4/r'/74
11/1/73
llA/73
11/1/73
2,007
1,002
1,516
2,00-A
1,002 2'
i,5iy
-
-
-
5/7/74
6.818% Bill
5/7/74
5/31/73
1,800
1,800
-
-
5/15/74
r 7-1/4% Note
( 4-1/4% Bond
- .5/15/74-D
5/15/74
11/15/70
5/15/64
4,334
2,847
3,335
2,328
999 '±
519 m
/
/
-
6/4/74
7.235% Bill
6/4/74
6/30/73
1,801
1,801
-
-
-
6/21/74
r 7.790% Bill
Is. 306% Bill
6/21/74
6/21/74
11/30/73
11/30/73
2,000
2.523
2,00Sl
2,523^2/
-
-
-
7/2/74
S.392% Bill
7/2/74
7/31/73
1,802
1,802
-
-
-
7/30/74
7.702% Bill
7/30/74
10/9/73
1,804
1,304
-
-
-
8/15/74
5-5/8% Note
- 8/15/74-B
8/15/68
10/284
4,401
5,383 n
-
-
3/27/74
8.387% Bill
8/27/74
8/28/73
1,304
1,804
-
-
-
9/20/74
9.652% Bill
9/20/74
S/7/'74
l,52n
1,526 i/
-
-
-
9/24/74
3.057% Bill
9/24/74
9/25/73
1,802
1,802
-
-
-
9/30/74
6% Note
7.132% Bill
- 9/30/74-E
- 10/22/74
lO/lQ/72
10/23/73
2,060
1.802
1,855
1,302
205 12
-
-
10/22/74
-
-
11/15/74
f 5-3/4% Note
\ 3-7/8% Bond
- 11/15/74-A
- 11/1 5/74
11/15/67
12/2/57
5,442
1,213
3,23s
1.071
2,204 ]J
142 1^
/
J
-
11/19/74
7.708% Bill
- 11/1V74
11/20/73
1,801
1,801
-
-
-
I2A7/74
6.380% Bill
- 12/17/74
12/18/73
1,803
1,803
-
-
-
12/31/74
5-7/8% Note
- 1 2/31/74- F
12/28/72
2,102
2,025
77 1;
/ '
1/14/75
6.943% Bill
- IA4/75
1A5/74
1,802
1,802
- 1
-
2/15/75
f5-3A% Note
(5-7/8% Note
6.342% Bill
2/1 5/75- A
2/15/75-E
2 ''11/75
2/15/68
10/22/71
2/12 '74
4,015
1,222
1,802
2,336
1,104
1 ''O?
1,129 Ic
113 r
J
-
2/11/75
-
-
-
3/11/75
6.897% Bill
3/11/75
3/12/74
1,801
1,801
-
-
-
Hr/M
8.04,9^ Bill
1-1/2% Note
3/31/75- FFB
4/1/75-EA
VM
1,501
8
1,501
8
-
-
-
4/8/75
4/16/75
5/6/ 75.
Footnotes at
7.887% Bill
7.426% Bill
8.442% Bill
end of table.
4/3/75
4/15/75
3/3/23—
4/9/74
12/3/74
5/7/74
1,801
2,251
J.. 802
1,801
2,251 i/
1 802
~
-
:
50
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-7. - Di
Other than Reg
sposition of Public Marketable Securities
ular Weekly Treasury Bills — Continued
l'-'ll!U- -i
r/.!i.ii.lL; in tr
iliiijli;:: 1
Called or mQlurlni: iiecuri t le;: 1/
Dispoaltion offers
by Treasury
:■■■ ;ult3 of ex-
^i.anfie offers
Bute of
Description
laaue
dote
AjDOunt
out-
standing
Descr i ■
refunding
or ret ire -
nenl
Cash
retire-
ment
Exchange
security
offered
Exchanged
Turned
in for
cash 2/
secur:
(See !!-_ ..--.,
5/15/75
.r B* Note 5/15/75-B
5-7/8* Note - 5/15/75-F
5/15/68
4/3/72
6,760
1,776
2,597
1,576
4,163 18/
200 12/
_
-
6/3/75
^ 8.249* BUI - 6/3/75
6/4/74
1,802
1,802
-
-
-
6A7/75
6/10/75
7.520* Bill .- 6/17/75
9.767* BUI - 6/30/75
12/5/74
9/4/74
Al2.56
2,003
1,256 2/
2,003
-
-
-
7/1/75
8.256* Bill - 7/1/75
7/2/74
1,802
1,802
_
_
_
7/29/75
7.836* Bin - 7/29/75
7/30/74
1,806
1,806
-
.
_
S/15/75
5-7/8* Note - S/15/75-C
2/15/71
7,579
5,0^*2
2,587 x/
-
_
8/26/75
6.280* Bill -
8/8/75
1,000
1,000
-
-
-
8/26/75
9.554* Bill -
8/27/74
1,803
1 , "0 ■■
-
-
_
9/18/75
6.175* Bill - 9/18/75
9/5/75
849
-^^■
.
_
_
9/23/75
8.341* Bin - 9/23/75
9/24/74
1,803
i,h;:;
-
-
_
9/25/75
6.15e« Bill - 9/25/75
9/5/75
700
700
_
_
_
9/70/75
8-3/8* Note - 9/30/75-E
8/24/73
2,043
2,010
33 21/
_
_
10/1/75
1-1/2* Note - 10/1/75-EO
10/1/70
30
30
-
-
-
10/21/75
Hill - 10/.] -
1 ,2/74
2,003
2,003
-
-
-
11/15/75
:.ote - 11/15/ -S-t
-', 15/71
3,115
2,581
534 22/
-
-
11/18/75
7.362* Bill - 11/18/75
11/19/74
2,002
2,222
-
_
.
12A6/75
6.625* Bill - 12/16/75
12/17A4
2,001
2,001
-
_
_
12A8/75
5.220* BUI - 12/18/75
12/8A5
60.?
602
-
-
_
12/25/75
5.140* BUI - 12/25/75
12/8/75
601
601
-
-
_
12/31/75
7* Note - 12/31/75-H
11/15/73
1,731
1 , 519
212 22/
-
_
l/U/76
6.378* Bill - 1/13/76
1/14/75
2,001
2,001
-
-
-
1/3V76
6.560* BUI - V31/76
4/14/75
1,.'j86
1,586
-
-
-
2/10/76
5.313* Bill - 2/10/76
2/11/75
2,103
2,103
-
-
-
2/15/76
6-1/4* Note - 2/15/76-A
2/15/69
3,739
1,155
2,522 2V
-
-
2/15/76
5-7/8* Note - 2/15/76-F
8/15/72
4,945
3,713
1,232 2i/
' -
-
3/9/76
5.637* BUI - 3/9/76
3/11/75
2,102
2,102
_
_
_
3/31/75
8* Note - 3/31/75-H
4/9/74
2,288
2,191
97 2^
-
-
4/1/75
1-1/2* Note - 4/1/76-EA
4/1/71
27
27
_
_
_
4/6A6
6.474* Bill - 4/6/76
.'./8/75
2,205
2,205
-
_
_
4/22/76
5.823* BUI - 4/22/76
4/22/75
4.834* Bill - 4/22/76
.
5/4/76
5/15/76
5A5/76
5/31/76
6AA6
e.iOO* Bill - 5/4/75
6-1/2* Note - 5/15/76 -B
5-3/4* Note - 5/1 5/76 -E
6* Note - 5/31/75.)n
5.803* Bill - 54/76
5/6/75
5/15/69
2/15/72
3/25/72
5/3/75
2,43;
2,697
2,802
1,580
2,404
2,435
2,336
2,274
1,498
2,404
361 27,''
S2 S
-
-
5/29/76
6/30/76
7/27 A6
8A5A6
8A5/76
8/24/76
6.292* Bill - 5/29/75
8-3/4* Note - 6/30/76-1
6.782* BUI - 7/27/76
7-1/2* Note - 8A5A6-C
€-1/2* Note - 8A5A6-G
7.331* Bill - 8/24 A6
7/1/75
5/15/74
7/29A5
lOA/59
2A5/73
8/25/75
2,591
2,703
2,293
4,194
3,883
2,893
2,591
2,011
2,293
3,434
2,216
2,893
692 JO/
1,102 21/
1,567 22/
-
_
8/31/76
9/!l/7b
9/30A6
10/l/76
10/l9A6
10/31A6
11/15A6
11A5A6
11/30A6
12/UA6
12/31A6
0.1/77
5-7/8* Note - 8/31/75-L
7.340* Bill - 9/21A6
8-1/4* Note - 9/30A6-J
1-1/2* Note - loA/76-EO
5.600* Bill - 10/l9A6
6-1/2* Note - 10/31/76-0
6.010* Bill - 11/15A6
«-l/4* Note - 11/15/76-0
7-1/8* Note - 11/30A6-N
6.440* Bill - 12/UA6
7-1/4* Note - 12/31 A6-K
5. 075* Bill - 1/11/77
3/3A5
9/23/75
9/3OA4
10/1/71
IO/2IA5
6/5A5
11/18A5
9/8/71
4/8/75
I2A6/75
I2/31A4
1A3A5
1,652
2, -"50
2,023
11
3,062
1,579
3,245
4,325
1,507
3,253
2,232
3,069
1,608
2,860
1,597
11
3,062
1,481
3,245
4,205
1,371
3,253
2,030
3,059
54 ii-'
326 Ji/
98 jy
120^
136 T2/
252 2S/
-
-
Jinie 1977
.PUBLIC DEBT OPERATIONS
31
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills— Continued
(Dollar amounts in m
ill ions)
Date of
refunding
Called or maturing se
purities 1/
Disposition offers
by Treasury
Results
change
of ex-
iffers
i IIl^l 1 Tl +
Description of new
or retire-
Description
Issue
rtjnount
out-
Cash
Exchange
Turned
securities offered
ment
date
stand int?
retire-
ment
secui'ity
offered
Exchanged
in for
cash ^z
(See also Table PDO-A)
2/8/77
5.572* Bill - 2/H/77
2/l0/7b
2,930
2,9W
2/15/77
856 Note - 2/15/77-A
2/15/70
5,163
2,591
2,572 J2/
-
-
2/28/77
b% Note - 2/28/77-F
3/3/75
1,665
1,515
I'O A3/
-
_
3/8/77
b.OlO? Bill - 3/8/77
3/9/76
3,105
3,105
-
-
-
3/31/77
t--l/2? Note - 3/31/77-G
3/31/75
2,576
2,053
523 il/
-
-
A/1/77
1-1/2? Note - A/1/77-EA
A/1/72
5
s
-
-
-
A/5/77
5.781!« Bill - a/5/77
A/6/75
3,203
3,203
-
-
-
A/10/77
7-3/8* Note - A/30/77-H
A/30/75
1,579
1,A69
110 i^
-
_
5/3/77
5.6A5? Bill - 5/3/77
5/A/76
3,335
3,335
-
-
-
5/15/77
f^7/8!f Note - 5/15/77-C
2/15/7A
2,565
2,038
527^
-
-
5/15/77
9? Note - 5/15/77-D
8/15/7A
5,329
2,333
2,996 Ai'
-
_
5/31/77
6.30q!S Bill - 5/31/77
6/1/76
2,921
2,921
-
-
-
5/31/77
6-3/A* Note - 5/31/77-1
5/27/75
2,137
1,9A7
190 il.
Footnotes on following
32
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-7
Source: Bureau of the Public Debt.
1/ Original call and maturity datec ore used.
2/ All bv investor*! ottier than Federal Reserve banks,
j/ Tax anticipation iasue: for detoil of olTerings beginning August 1974,
see Table PDCV-4; for amounts redeemed for toaes and for cash see
"Note" belOK.
^ Exchanged fiy Federal Reserve bonlts and Government accounts for $233
million of 7-3/4? notes of Series B-1977 and $92 million of 7-l/2!f
bonds of 1988-93 Isi-ued August 15, 1973.
i/ Exchanged by Federal Reserve banks and Government accounts for $495
million of 7-3/4? notes of Series B-1977 and $233 million of 7-1/2?
bonds of 1988-93 Issued August 15, 1973.
^ Exchanged by Federal Reserve banlts and Government accounts for $220
million of 7% not«s of Series C-1979, $220 million of 7? notes of
Scries H-1975 and $136 million of 7-1/2? bonds of 1988-93 issued
November 15, 1973.
2/ Exchanged by Federal Reserve banks and Government accCTints for $307
million of b-7/8i notes of Scries C-1977, $25 million of 7? notes of
Series A-1981 issued Februajy 15, 1974, and $10 million of 7-1/2?
bonds of 1988-93 issued February 28, 1974.
^ Exchanged by Federal Reserve banks and Government accounts for $302
million of 7? notes of Series A-1981 Issued February 15, 1974, and
$240 million of 7-1/2? bonds of 1988-93 issued Februaiy 28, 1974.
^ Exchanged by Federal Reserve banks and Government accounts for $656
million of 8-3/4? notes of Series 1-1976 and $343 million of 8-3/4?:
notes of Scries C-1978 issued May 15, 1974.
iO/ Exchan^Tcd by Federal Reserve banks and Government accounts for $240
million of 8-3/4? notes of Series C-1978 and $279 million of 8-1/2?
bonds of 1994-99 issued May 15, in74.
n/ Exchanged by Federal Reserve banks and Government accounts for $2,936
million of 9? notes of Series D-1977, $2,461 million of 9? notes of
Series B-1980 and $486 million " '-^ ' : i nds of 1994-99 it.
August 15, 1974.
12/ Exchanged by Federal Reserve ba; .■ -mment accounts i-
notes of Series J-1976 issued Septcinbtr >0, 1974.
13/ Exchanged by Federal Reserve banks and Government accounts for $1,059
million of 7-3/4? notes of Series E-1977, $949 million of 7-3/4? notes
of Series B-1981 and $196 million of 8-1/2? bonds of 1994-99 issued
November 15, 1974.
14/ Exchanged by Federal Reserve banks and Government accounts for 8-1/2?
bonds of 1994-99 issued November 15, 1974.
Xl/ Exchanged by Federal Fteserve banks and Government accounts for 7-1/4^
notes of Series K-1976 issued Cecember 31, 1974.
J^ Exchanged by Federal Reserve banks and Government accounts for $692
million of 7-1/8? notes of Series D-1978, $400 million of 7-3/8?
notes of Series C-1981 and f?6 million of 7-7/8? bonds of 1995-2000
issued Februaiy 18, 1975,
^2/ Exchanged by Federal Reserve bonks and Government accounts for $4
million of 7-1/8? notes of Series D-1978 and $114 million of 7-7/8?
bonds of 1995-2000 issued February 18, 1975.
Ifi/ Exchanged by Federal Reserve banks and Government accounts !'' ■
million of 7-5/8? notes of Series E-1978, $1,233 million o:'
of Series A-1982 and $630 million of 8-1/4? bonds of 2000-0:- io.,^,.
May 15, 1975.
22/ Exchanged by Federal Reserve banks and Oovemraent accounts for S-1/4*
bonds of 2000-05 issued Maj- 15, 1975.
^q/ Exchanged by Federal Reserve banks and Government accounts
million of 7-7/8? notes of Series F-1978, $302 million of S-_, „_
of Series B-1982 and $313 million of 8-3/8? bonds of 1995-2000 issued
August 15, 1975.
51/ Exchanged by Federal ■ Reserve banks and Ocvemment accounts for ~
8-3/8? notes of Series M-1977 issued September 30, 1975.
22/ Exchanged by Federal Itoservc banks ■:' *. accounts for $384
million of 7-7/8? notes of Series C-: o million of 8-3/8?
bonds of 1995-2000 issued November 17, l-/iy.
23/ Exchanged by Federal Reserve banks and Government accounts for 7-1/4?
notes of Series P-1977 issued December 31, 1975,
24/ Exchanged by Federal Reserve banks and Government accounts for
t368 million 7? notes of Series H-1979, $1,939 million 8? notes
of Series A-1 " ' "".'■ million of 8-1/4? bonds of 2000-05
ispued Februc.
25/ Exchanged by ■rve banks and Oovemoent accounts for 7?
notes of Series II-1J79 issued February 17, 1976.
26/ Exchanged by Federal Reserve banks and Government
accounts for .-. ^/'-^ .,,..„^ qj* series K-1973 issued
March 31, 197 .
27/ Exchanged by . rve banks and Government accounts for $276
million of 7-vv-i nuu i of Series A-1986 issued 5A7/76 and $85 mil-
lion of 7-7/8? bonds of 1995-2000 issued May 17, 1976.
25/ Fxchar.red ^y Pct^eral Reserve banks and Government accounts for $300
otes of Series L-1978 and $196 million of 7-7/8?
•36, and 532 million of 7-7/8? bonds of
- - V 17, 1976.
29/ Exchanged oy Federal Reserve banks and Government accounts for 7-1/8?
notes of Series M-1978 Issued .Tune 1, 1976.
30/ Exchanged by Federal Reserve banks and Government accounts for 6-7/8?
notes of Series N-1978 issued June 30, 1976, _ _ .
31/ Exchanged by Federal Reserve banks and Government accounts for $700
million of 6-7/8? notes of Series J- 1979, $60 million of 8? notes
of Series B-1986, and $342 million of 8? bonds of 1996-2001.
ii/ Exchanged by Federal Reserve banks and Government accounts for $1,417
million of 8? notes of Series B-1986 and $250 million of 8? bonds of
1996-2001 is.'Sued Awrust 16. lo76.
22/ Exchanged ty Federal Reserve banks and Government accounts for 6-5/8?
notes of Series Q-1978 issued August 31, 1976.
2A/ Exchanged by Federal Reserve banks and Government accounts for 6-I/4?
notes of Series R-1978 issued September 30, 1976.
25/ Exchanged by Federal Reserve banks and Government accounts for 5-7/3?
notes of Series S-1978 issued November 1, 1976.
J6/ Exchanged by Federal Reserve bants and Government accounts for $70
million of 6-I/4? notes of Series K-1979 and $50 million of 7?
notes of Series &-1983 issued November 15, 1976.
Exchanged by Federal Reserve banks and Government accounts for 5-3/4?
notes of Series T-1973 issued November 30, 1976.
22/
28/
\ Reserve banks and Government accounts for 5-1/4?
73 issued December 31, 1976.
R'^serve banks and Government accounts for $1,300
:■ Series G-1980, $881 million of 7-1/4?
.1 $391 million of 7-5/8? bonds of 2002-2007
million of C- j
notes of Seri
issued Febrxla:^,
40/ Exctianged by Federal iieserve banks and Government accounts for 5-7/8?
notes of Series M-1979 issued February 23, 1977.
41/ Exchanged by Federal Reserve banks and Government accounts for 6?
notes of Series N-1079 issued March 31, 1977.
42/ Exchanged by Federal Reserve banks and GoverrLT.er.t
notes of Series P-1979 issued May 2, 1977.
A2/ Exchanged by Federal Reserve banks and Gov
bonds of 2002-2007 issued May 16, 1977,
Uj Exchanged by Federal Reserve banks and Govemraen
million of l-\/lS notes of Series A-1984 and $3"
bonds of 2002-2007 issued toy 16. 1977.
45/ Exchanged by Federal Reserve Banks and Government accounts for
6-1/8? notes of Series Q-1979 issued May 31, 1977,
runts for 5-7/8?
mts for 7-5/8?
or $2,623
- 7-5/8?
Note: Information on retirement of tax antic
ir. footnote 3, in millions of dollars;
.pation issues referred --
Date of
retirement
Securities
Total
amount
Redee::ied
for
taxes
Redeemed
for
cash
9/20/74
4/16/75
6/17A5
Bill
Bill
2,251
1,256
402
184
426
1,124
2,067
830
June 19^7
.PUBLIC DEBT OPERATIONS
53
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
( Paya
)le
in U.S. doll
irs; dollai- ajnourit
s in millions)
Month of
Je.-'iu-i ties
I, -sue
J ate
Maturity
date
Interest
rate
1 Percent)
.ujount
activity
1 Ksued
Retired
Total outstanding
end of month
'
C 3/05/75
d/05/75
;'00
Bills
3/17/75
*.. 6/05/75
6/19/75
12/04/75
87
903
1J/02/7-;
5/02/75
7.40
20
12/06/7A
6/05/75
7.25
_
82
3/03/75
6/03/75
5.45
_
10
3/03/75
6/03/75
5.45
_
2
3/12/75
5/12/75
5.65
_
9
3/1,3/75
6/13/75
5.55
_
13
3/13/75
6/13/75
5.05
_
6
3/18/75
5/18/75
5.40
_
9
3/19/75
6/19/75
5.40
_
17
3/19/75
6/19/75
5.40
_
12
3/19/75
6/19/75
5.40
_
7
3/27/75
6/37/75
5.55
_
1/01/75
7/01/75
5.60
_
11
4/01/75
7/01/75
5.60
_
4
4/02/75
7/02/75
5.60
_
11
4/07/75
7/07/75
5.60
_
2
4/07/75
7/07/75
5.60
_
8
4/08/75
7/08/75
6.05
-
7
4/29/75
7/29/75
5.75
_
17
1975-June
Certificates of indebtedness
<
5/06/75
5/06/75
8/06/75
8/06/75
5.35
5.35
-
3
5/06/75
8/06/75
5.15
_
6
5/06/75
8/06/75
5.35
-
6
5/06/75
3/06/75
5.35
_
3
5/12/75
8/12/75
5.35
_
7
5/12/75
8/12/75
5.35
_
3
5/Li/75
8/14/75
5.20
-
4
5/15/75
8/14/75
5.20
-
4
5/15/75
8/15/75
5.20
„
5
5/20/75
8/20/75
5.15
-
20
1 21,617
5/2,3/75
8/22/75
5.15
_
16
5/23/75
8/22/75
5.15
-
3
5/23/75
8/22/75
5.15
_
17
5/27/75
8/27/75
5.20
_
15
5/27/75
8/27/75
5.20
-
3
5/27/75
8/27/75
5.20
_
14
5/27/75
8/27/75
5.20
_
8
5/27/75
8/27/75
5.20
_
5
5/27/75
8/27/75
5.20
-
2
5/27/75
8,'27/75
5.20
_
13
5/27/75
8/27/75
5.20
-
4
5/27/75
8/27/75
5.20
-
7
5/27/75
8/27/75
5.20
-
8
6/03/75
9/03/75
5.25
10
_
6/03/75
9/0,3/75
5.25
-
2
6/03/75
9/03/75
5.25
_
2
6/03/75
q/03/75
5.25
-
2
6/03/75
9/03/75
5.25
_
4
5/12/75
9/12/75
5.10
Q
-
6/13/75
9/12/75
5.10
13
-
6/13/75
9/15/75
5.10
6
_
5/18/75
9/18/75
4.80
9
-
6/19/75
9/19/75
4.80
17
-
6/27/75
9/27/75
5.70
2
-
6/27/75
9/27/75
5.70
-
2
r 6/25/71
6/25/75
6.55
_
600
6/05/75
6/04/75
6.90
200
-
Notes
J 6/19/75
4/19/77
':■ . 7^
303
-
<
6/19/75
5/19/77
';..?<-"■
300
-
5/19/75
6/20/77
C'.S '
300
-
»
, 6/25/75
4/09/75
6/25/82
7.84
600
-
7/10/75
-
-
80
''
4/15/75
7/17/75
-
-
447
4/17/75
7/17/75
-
-
182
Bills
4/17/75
7/17/75
-
-
182
, V21/75
7/24/75
-
-
125
'
7/10/75
10/09/75
-
81
-
7/10/75
1/08/75
-
74
-
7/17/75
10/16/75
-
182
-
7/17/75
10/16/75
-
150
-
7/24/75
10/23/75
-
102
-
- 1/09/75
7/10/75
6.60
-
79
1/28/75
7/29/75
5.85
-
80
3/06/75
9/04/75
6.01
-
500
4/08/75
7/08/75
6.05
-
8
4/10/75
7/10/75
6.05
-
4
4/17/75
7/17/75
5.55
-
7
4/24/75
7/24/75
5.65
-
25
4/28/75
7/28/75
5.65
-
15
4/28/75
7/28/75
5.55
-
12
4/30/75
7/30/75
5.75
-
26
5/02/75
8/01/75
5.75
-
7
5/05/75
8/05/75
5.75
-
51
5/05/75
8/05/75
5.75
-
22
5/05/75
8/05/75
5.35
-
23
5/07/75
8/07/75
5.35
9
34
Treasury Bulletin
PUBLIC DEBT OPERATIONS,
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries-Continued
fpriyable !n U.S. dollars; dollar amounts In millions)
Month of
riotivlty
1975-Jiily.
Cortiricates of indebtedness
Aug.
Sept.
Certificates of indebtedness
Notes
[bUIs
/ Certificates of indebtedness
I Notes
Certificates of
Issue
date
5/07/75
5/12/75
5/13/75
5/15/75
5/15/75
5/.?0/75
5/.'0/75
5/20/75
5/2?/75
5/27/75
5/27/75
5/27/75
5/27/75
6/12/75
7/2^/75
7/29/75
7/29/75
7/07/71
7/U/71
7/C 7/75
V
3/06/75
5/05/75
5/07/75
5/14/75
5/14/75
5/1^/75
5/1^/75
5/14/75
6/13/75
6/13/75
6/13/75
8/05/75
8/07/75
8/14/75
S/U/75
8/U/75
8/U/75
S/14/75
5/23/74
e/2?/75
8/28/75
3/5/75
3/6/75
9/'/. ''75
4/24/75
4/30/75
7/10/75
7/17/75
7/17/75
7/24/75
7/29/75
10/'>.V75
10/«V'5
lO/lfc/75
10/16/75
10/23/75
10/3C/75
Maturity
date
S/12/75
8/13/75
8/15/75
?/l4/75
P/20/75
8/27/75
9/12/75
9/12/75
9/18/75
O/lo,'"^
lw'2'^/"5
1/27/76
7/07/75
7/14/75
7/C7/82
il/ij/'75
9/04/75
8/05/75
8/07/75
8/14/75
8/14/75
8/14/75
8/14/75
8/14/75
9/15/75
9/15/75
9/15/75
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/14/75
9/4 '75
9/5/77
10/23/75
10/30/75
10/09/75
10/16/75
10/16/75
10/23/75
10/28/75
V"?/7t
V2'3, 76
10/17/75
10/24/75
10/28/75
1/16/76
1/23/76
10/02/75
10/30/75
ll/30/7fc.
12/31/76
2/28/77
3/3 L "'^
Interest
rate
f Percent )
5.35
5.35
5.35
5.35
5.35
5.20
5.20
5.20
5.15
5.15
5.15
5.15
5.20
5.10
5.10
4.80
/..SO
6.75
6.70
8.00
7.85
7.50
6.01
5.75
5.35
5.20
5.20
5.20
5.20
5.20
5.10
5.10
5.10
6.45
6.45
6.35
6.35
6.35
6.35
6.75
5.55
7.85
8.40
8.10
7.K'
200
200
447
230
55
40
15
70
•■5
75
40
41
43
161
135
'^
SO
7
25
100
100
100
125
150
4
16
45
7
15
20
9
26
4
8
24
19
10
10
11
9
9
13
9
17
200
200
500
55
40
15
70
20
10
35
2
1
2
300
200
82
248
80
31
160
182
102
7
25
40
300
275
Total outstanding
end of month
) 20,604
> 19,952
19,869
19,621
Jmic 19'^ 7
.PUBLIC DEBT OPERATIONS
55
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
i a;,-^
hie
in U .3. collai't
aoliar amounts in minions
Moi,th or
Interest
/ifTiCiunt
Cecuritiei:
Issue
Maturity
rate
a ■ 1 1 V ' t;.
date
date
(percent^
Isfued
retired
Total outstanding
end of month
Bill£
f 8/1V75
11/13/75
_
,
.'/u
""^
11/13/75
2/13/76
-
2_ri
-
' 8/05/75
11/05/75
. 6.45
_
55
8/07/75
11/07/75
6.45
_
40
8/14/75
11/14/75
6.35
_
15
8/14/75
11/14/75
6.35
_
70
8/14/75
11/14/75
6.35
-
35
8/14/75
11/14/75
6.35
_
20
3^975_fjov ....*•••<
Certificates of indebtednesc
8/14/75
11/05/75
11/14/75
2/05/76
6.35
5.60
10
> i-:',68<;
55
11/07/75
2/06/75
5.60
40
_
11/14/75
2/13/76
5.30
70
_
11/14/75
2/13/75
5.30
35
_
11/14/75
2/13/76
5.30
20
_
11/14/75
2/13/76
5.30
10
_
11/14/75
2/13/76
5.30
15
-
r 8/22/7A
11/28/75
3.90
_
240
Notef
1 11/23/75
6/30/77
6.50
100
_
\ 11/28/75
7/31/77
7.50
100
-
^
L 11/28/75
10/31/77
7.50
100
-
r 3/05/75
12/16/75
_
_
200
i
Bills
} 6/05/75
12/04/75
_
_
87
\ U/Oi/li
3/04/76
-
40
_
[^ 12/0A/75
6/03/76
-
47
-
' 10/17/75
1/16/76
6.05
_
7
10/24/75
1/23/75
5.90
_
25
11/05/75
2/05/76
5.60
-
55
11/07/75
2/06/76
5.60
-
40
11/14/75
2/13/76
5.30
-
10
11/14/75
2/13/76
5.30
-
20
11/14/75
2/13/76
5.30
-
35
1575-De.:
(Certificates of indebtedness
11/14/75
2/13/76
2/13/76
5.30
5.30
70
<
11/14/75
_
15
12/02/75
1/16/75
5.05
8
-
) 1^,966
12/02/75
1/23/76
5.90
30
_
12/02/75
2/05/76
5.50
65
-
12/02/75
2/06/76
5.60
48
-
12/02/75
2/13/75
5.30
163
-
12/02/75
1/16/76
6.05
-
8
12/02/75
1/23/76
5.90
-
10
12/30/75
2/13/76
5.30
15
-
12/30/75
2/13/76
5.18
196
-
r 9/19/7A
12/18/75
8.35
_
200
J 12/16/75
12/16/77
7.30
200
-
Notes
\ 12/18/75
5/15/78
7.125
150
-
(^ 12/18/75
8/15/78
7.625
100
-
'
C 7/10/75
iiyj8/76
-
74
10/09/75
1/08/76
-
41
^
10/16/75
1/15/76
-
185
10/16/75
1/15/75
-
161
10/23/75
1/22/76
-
95
10/28/75
1/29/76
-
40
10/30/75
1/29/76
-
80
< 1/08/76
2/05/76
40
-
Bills
1/08/76
1/08/76
1/15/76
5/06/76
7/08/76
4/15/76
40
35
187
-
1/15/76
4/15/75
163
-
) 20,002
1976^311 <
Certificates of indebtedness
1/22/76
4/22/75
97
-
1/27/76
2/26/76
40
-
1/29/76
2/26/75
120
-
/ 7/29/75
1/27/76
6.70
-
40
< 12/02/75
1/23/75
5.90
_
20
l^ 12/02/75
2/05/75
5.50
-
25
C 10/2A/7<
1/29/76
7.80
175
J 1/29/75
10/31/77
7.50
50
-
Notes
\ 1/29/76
8/15/78
7.625
50
-
I 1/29/76
11/15/78
6.00
150
-
r
>"
•
H/13/75
2/13/76
_
-
233
'
1/08/76
2/05/76
-
-
AG
1/27/76
2/26/76
-
-
AO
1/27/76
2/26/76
-
-
120
pills
< 2/05/76
3/04/76
-
4J
"
2/13/76
5/13/76
-
~
2/25/76
3/25/76
-
-,•'
-
2/26/76
6/24/75
-
'■''
"
2/25/76
7/29/75
-
''■''-'
"
56
PUBLIC DEBT OPERATIONS.
Treasury Bulletin
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
;u;, al
> '-'>■ ' .r. :ollar-
-i Glial- Txr.o^r.
i^- :i. ii,:ii:or..
IcEue
Maturity
Interett
rate
(percent)
Amount
Vonth or
Total outstand!ntr
act'.vily
occurltie^
date
date
Issued
Retired
end of month
l'7..-r.t'
;
12/02/75
2/05/76
!..c7
_
42
l.->,n2/75
2/06/76
5.60
-
4=
20,C90
1." "."/?';
2/13/76
2/13/76
5.30
5.30
-
1.33
13
li/JJ/75
2/13/76
5.18
-
196
2/05/76
5/05/76
4.85
42
-
CertiflcateE of IndebtedncES
2/05/76
\ 2/06/76
5/05/76
4.85
-
15
5/05/76
4.85
48
-
2/13/76
5/13/75
4.90
54
-
2/13/76
5/13/76
4.90
20
-
2/13/76
5/13/76
4.90
163
-
2/13/76
5/13/76
4.90
26
-
2/13/76
5/13/76
4.90
196
-
2/13/76
5/13/75
4.90
15
-
_
' 9/04/75
2/26/76
< 3/04/76
3/04/76
3/25/76
8/05/76
40
80
40
^
BillG
3/04/76
, 3/25/76
9/02/75
12/14/76
40
40
-
2/05/76
5/05/76
4.85
-
27
2/13/76
5/13/76
4.90
-
'■(-
.•'/17/76
5/13/75
4.90
-
''-
«ar
Certificates of indebtedness
1
5/13/76
5/13/75
"
9
5
I 20,070
.•/nD/76
11
-
'•■6
i;
:
- / -^ 7;
- - , .'j
i.'-v
26
-
7/19/7?
3/22/76
5.75
-
30u
Notes
3/22/76
r 10/09/75
2/15/83
7.60
5i;:i
-
4/08/76
-
-
42
-
^
1/15/76
1/15/76
4/15/76
-
-
163
187
Bills
<^ 1/22,7.
4/0P/7.
-
-
97
-
43
-
4/15/7.-,
1 -- ■
-
192
-
4/15/".-.
-
165
-
Apr
>■
4.85
-
20
4.85
-
19
) 20,013
Certiricaiea or indebtediie.ss
■/,.-„ ,..
W.^7/ V6
5.10
-
11
3/16/76
5/16/76
■1 . ■ ■
-
13
^ 3/ia/7.l
5/18/75
-
4
Notes
4/01/76
1/31/78
-
>
^
r 2-06-76
5-06-76
.
.
40
Bills
I 2-13-76
5-13-75
-
-
236
) 5-06-76
11-04-76
-
..J
-
I 5-13-76
11-12-76
-
243
-
2-06-76
5-05-75
4.85
_
9
2-13-76
5-13-76
4.90
-
15
2-13-75
5-13-76
4.90
-
54
2-13-76
5-13-76
4.90
.
147
Ma.v
2-13-76
5-13-76
4.90
-
15
2-13-76
5-13-76
4.90
-
196
) 3-19-76
\ 5-06-75
6-18-76
5.00
_
26
Certificates of indebtedness
8-05-76
4.95
9
_
) 13'. ---16
5-06-76
8-05-75
4.95
-
9
5-13-76
3-13-75
5.10
54
-
5-13-75
8-13-76
5.10
147
_
5-13-76
8-13-75
5.10
15
_
5-13-76
8-13-76
5.10
196
-
_
5-13-75
S-13-76
5.10
-
54
••
r
•'6
_
_
47
>
Bills
(
76
■., .„ 76
-
-
35
60
I r.> V7r.
12/02/76
-
47
-
June
Certificates of indebtedness
•- :i-/^h
s/i:-/7f
t.l'
20
1 19,901
(
600
Motes
I
-
\ e/=e,7.
i/-i/7e
c,7^
i:
-
''Bills
> 2/26/76
7/29 A5
_
_
V'.
;
>
J 4/15A5
7/15/76
-
-
155
< 7/15/7..
10/UA5
-
1.^7
-
I, 7/»/76
3/26/76
-
-
July
Certificates of Indebtedness
( 5/13/76
5/13A5
tf/l3/V6
5.10
5.10
-
25
23
) 19,758
(■ 7/07/71
7/07/76
5.35
-
203
233
I'X
Kotes
r^3^i
7/U/76
3/15/75
5.80
7.50
~
v
\ 7/07 A6
7.65
2>j
-
1^ 7/U/75
8A5/76
7.55
yyj
jinw 19^7
PUBLIC DEBT OPERATIONS
57
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreig n Countries— Continued
(P.ayabl'^ in II. ;^. 'iollari-; dollar amounts in millions)
Men 1.1 1 oi:
ai-'tivit.v
Matiiri ty
date
Int-:-r.:-Gt.
TH tP
(l».rci.Mit)
Total outslai.
Rpl.irfjl end of montVi
1976-Aug.
Sept.
S Certl
ficates of indebtedness
Bills
Certificates of indebtednes;;
Notes
Certificates of
indebtedness
/ Certificates of
indebtedness
Certificates of
indebtedness
Notes
Bills
Certificates of iTidebtedness
Notes
i.'-i/76
''fi/lb
i/Allh
'•/\ I '76
■5/11/713
5/1 i/76
8/13/76
8/13/76
8/28/75
8/23/75
10/..7/75
lO/j/75
8/05/76
0/02/76
8/1.V70
8/1 >A6
V15/72
V15/70
4/1^/76
4/15/76
7/15/76
Vi/cn/lb
10/W76
\0/-Lt,/lb
V^/lA/lb
3/13/7D
8/13/76
10/01/76
10/29/76
10/29/76
10/29/76
WS^/lb
li:)/01/7b
10/28/76
10/23/76
10/?-'/76
10/2->/76
10/29/76
10/20/76
10/?5/76
10/20/76
10/2O/7D
•,/Qb/lb
5/13/76
11/04/7';
11/12/76
8/13/76
10/2Q/76
10/30/75
11/04/76
11/12/76
3/25/75
b/OVlb
12/02/76
12/0Q/75
\2/\J,/lb
12/28/76
10/01/76
la/in/lb
12/01/76
5/29/75
10/30/75
10/07/76
1/06/77
10/29/76
12/31/76
V29/75
1/28/77
8/5/76
a/2b/lb
9/2/76
S/13/76
8/13/76
8/13/76
11/12/76
11/12/76
8/6/76
8/9/76
a/9/76
8/10/76
9/02/76
9/02/76
9/30/76
9/21/76
9/24/76
^/\i/lb
2 A 5/81
10/07/7D
10/u/7b
lO/U/75
1/06/77
4/14/77
1/13/77
1/13/77
11/12/7D
11/12/76
12/09/76
1/28/77
4/29/77
7/2.1/77
10/28/77
9/30/78
8/15/31
1/30/7-'
4/28/73
9/28/78
10/80/78
1/29/79
4/30/79
7/30/79
10/29/70
11/04/76
11/12/76
2/03/77
5/12/77
11/12/76
1/28/77
3/31/77
11/15/81
11/15/81
12/14/76
12/02/76
6/02/77
3/10/77
4/14/77
3/31/77
12/09/76
1/28/77
3/31/77
12/28/76
4/30/77
1/06/77
c/OO/77
1/28/77
3/31/77
1/28/77
5/15/82
5.10
5.10
5.10
5.20
5.20
3.;'5
5.50
7.125
7.25
2.50
7.375
5.2^
5..?0
5.10
4 .05
5.25
5.35
5.50
6.25
7.625
5.70
5.80
5.95
5.00
6.05
6.15
6.20
6.25
5.20
4.95
6.50
7.75
7.75
5.10
4.95
4.30
6.65
7.375
4.05
4.. 30
6.65
3.00
20
50
6?
211
43
197
169
200
143
144
U4
U4
400
100
96
96
96
95
48
43
4?
48
40
250
200
200
47
240
40
300
43
300
40
50
15
1D6
75
7''
10(>
lijO
40
20
10
25
4?
192
167
15
195
40
243
27
36
200
60
300
150
43
47
15
300
\ 19,368
20,691
20,903
20,753
20,689
58
PUBLIC DEBT OPERATIONS.
Treasury Bulletin
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
...y,>blv
ii. L.J. Jolliirs;
aoli?ir rii; our;t
.; Ir. rT.iiliorisJ
Mntui-Ity
date
Interest
Ajnount
Month of
activity
:jefuritle3
if.e
rate
( percent )
Issued
Retired
Total outstanding
end of month
r
/ 11/04/76
2/03/77
.
.
40
•v
Bin J
\ 2/03/77
I. 2/23/77
5/05/77
5/26/77
-
40
-
iQVV-Pf-fr -.
Certificates of Indebtedne:::
10/29/76
r 5/29/75
4/29/77
2/28/77
5.25
6.9c
-
^5
20,575
Notes
/ 13/02/75
\ 2/28/77
2/28/77
8/15/80
6.0G
"
-
f 12/09/76
3/10/77
-
-
240
*>
Bills
I '^-/h'-;.
V/1/77
•i/."t/77
"
:
■iLlCl
Mfir
Certificates of indebtedne:::;
/*
5.. '5
5.90
-
- .
20,617
)
■-■.'1': ■•■■.
;^ . 5n
_
5/27/75
-
.■'■
J/10/77
.'00
-
Notes
\ d/li/Tl
?.■':'
100
-
3/22/77
-
3/25/77
-
>..
3/31/77
12/31/80
5.875
5fi.
-
■V
f
)• 10/14/76
4/14/77
-
-
197
l.VU/76
4/li/77
-
-
AO
Bills
5/26/77
-
-
7
\ i/U/77
in/i /77
-
.■>02
-
L .;/l../77
1 1 7"
-
-
Apr
/Certificates of indebtedne;^::
( '/-7/75
r^r.
5.25
-
a
/ 20,469
Notes
/ n/lc./75
4/1
1
"
-
Bonds
f .',/l-</77
-
,
*.
f
.1 1 . , "■-
1
.
-
■>
Bills
{ : -/77
5/
-
ir:
■"/77
8/
-
-
-/1.V77
11/1
_
-
L 5/26/77
i-
-
iC
-
^ 20,423
May
Certificates of indebtednei!y
10/29/76
r 1/09/75
/
5/15/77
5.^5
-
i^
5/27/75
5/27/77
-
6/19/75
5/1°/-
0. V V
-
■■■^KJ
Notes
< 5/16/77
1/U/--'-
5.875
100
-
5/19/77
;v'iv.-;
6.375
300
-
I, 5/27/77
2/15/S.j
8. CO
-
J
^
"■"^nr^c: nuiea.: ■* f the Public Debt.
* Leas than $500,000.
June nn
59
.PUBLIC DEBT OPERATIONS
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
I Iiollar amoiint.s in millions
Securities
Issue
date
Mati-irity
date
Interest
ra he
Amount
' ri'illar equivalent)
activity
in —
IS.,.-.
Ke r li-ed
Total outstanding
end of month
1972-J-jly
1 Certificates of indebtedness
1 Notes
/ Swiss francs
\^ Swiss francs
German marks
1/21/72
7/21/72
7/3/67
7/21/72
1/19/73
7/3/72
3.50
4. '75
5 . .'f*
114
111
76
) "^
Aug
Certificates of indebtedness
r Swiss francs
j Swiss francs
2/4/72
9/4/72
8/4/72
2/2/73
3.t25
4.25
57
S^i
2,000
Sept
Notes
/ Swiss francs
\ Swiss francs
6/1/71
9/1/72
9/1/72
11/30/73
5.15
5.50
29
28
2,001
Oct
Notes
r German marks
/ Swiss francs
1 Swiss francs
4/1/68
7/6/71
10/6/72
iij/;/T2
rVo/72
1/7/74
5/;'
0.15
5.70
59
153
> 1,350
M'l
Nov
Notes
TSwiss francs
/ Swiss francs
\ Svriss francs
V Swiss francs
8/6/71
8/19/71
11/6/72
11/20/74
11/6/72
11/20/72
2/6/74
2/20/74
6.35
5.65
5.40
5.2";
29
32
28
31
\ 1,852
Deo
Notes
German marks
Swiss francs
, Swiss francs
Swiss francs
Swiss francs
6/24/68
9/10/71
9/13/71
12/11/72
12/13/72
12/22/72
12/11/72
12/13/72
3/11/74
3/13/74
6.25
5.45
5.55
5.50
5.47
235
26
l-'3
275
26
1 1,710
Certlhcaxei- of inciebtedness
Swiss francs
Swiss francs
7/21/72
l,.'l'--i/73
1/19/73
7/19/73
4. i?*^
114
114
-V
1973-Jan
1
Notes
TSwiss francs
/ Swiss francs
^ Swiss francs
V. Swiss francs
10/8/71
10/29/71
1/8/73
1/29/73
1/8/73
1/29/73
4/8/74
4/29/74
5.25
4.85
5.70
6.00
35
45
33
43
1,713
Certificates of indebtedness
1 Swiss francs
\_ Swiss francs
S/4/72
2/2/73
2/2/73
8/2/73
4.25
5.75
57
57
1,561
Feb
Notes
German marks
8/19/69
2/19/7 J
3.05
11/
I'.4
^
Mar
Notes ■
( Swiss francs
\ Swiss francs
Swiss francs
Swiss francs
12/9/71
3/9/73
1/19/73
2/2/73
3/9/?3
6/7/74
7/19/73
8/2/73
4.80
6.625
=..75
129
10
s
111
J
1,578
Certificates of Indebtedness 2/
Apr
Notes 2/
<
German marks
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
10/2/69
8/27/71
5/18/72
5/30/72
9/1/72
10/6/72
11/6/72
11/20/72
12/11/72
12/13/72
1/8/73
1/29/73
10/2/73
8/27/73
8/20/73
8/30/73
11/30/73
1/7/74
2/5/74
2/20/74
3/11/74
3/13/74
4/8/74
4/29/74
2.051
5.67
4.77
4.55
5.50
5.70
5.40
5.25
5.50
5.47
5.70
6.00
19
46
4
4
3
6
3
\
26
2
3
4
-
' 1,743
Notes
1^ Swiss francs
) Swiss francs
\ Swiss francs
Lswiss francs
1/5/72
1/17/72
4/5/73
4/17/73
4/5/73
4/17/73
7/5/74
7/17/74
4.50
4.15
6.93
6.70
29
170
25
148
Jvay
Certificates of indebtedness
f Swiss francs
\ Swiss francs
1/19/73
7/19/73
7/19/73
1/18/74
6.125
127
124
1 1,746
Certificates of indebtedness
Swiss francs
2/2/73
8/2/73
5.75
-
62
-
Aug
<
Notes
{
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
8/27/71
5/18/72
5/30/72
8/2/73
8/20/73
8/27/73
8/30/73
8/27/73
8/20/73
8/30/73
11/1/74
11/20/74
11/27/74
11/29/74
5.67
4.77
-1.55
8.70
8.25
8.125
5.20
64
4'Xi
301
37
383
, 1.758
Oct
Notes
German marks
3/3/72
10/2/73
2.051
-
172
1,586
Nov
Notes
i Swiss francs
\ Swiss francs
9/1/72
11/30/73
11/30/71
2/28/75
5.50
6.98
33
32
1,586
>
Certificates of indebtedness
fswiss francs
\ Swiss francs
7/19/73
1/18/74
1/18/74
7/18/74
6.125
8.05
127
127
> 1 588
1974TJan
Notes
Swiss francs
^Swiss francs
10/6/72
1/7/74
1/7/74
4/7/75
5.70
7.07
67
65
/
Footnotes at end of table.
60
Treasury Bulletin
PUBLIC DEBT OPERATIONS,
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries —Continued
(t'oiiur (imomits In null
Ions!
/jfoiii.:.
Securities
Payable
In —
Issue
date
Maturity
(late
Interest
rate
{ percent;
llXjllar o-juivaient)
uetlvlly
rriioi
R.-t!r.!iJ
Total outstanrlliu:
end of laonth
1974-Fol.
Note 2
f ;>'*Lcs Ii'aiics
j Swiss francs
\ Swiss francs
L Swiss francs
1V20/72
2/06/74
2/20/74
■;/uo/74
2/20/74
5/06/75
5/20/75
5.40
5.25
6.60
6.60
J^
' -
) 1,589
Mar
Motes
^ Swiss francs
J Swiss francs
\ Swiss francs
^ Swiss francs
12-11-72
12-13-72
3-11-74
3-13-74
3-11/74
3-13-74
6-11-75
6-13-75
5.50
5.47
7.15
7.25
:-iE
?o
:■ 1 .
> 1,597
Apr
Notes
Swiss francs
Swiss francs
( Swiss francs
Swiss francs
Swiss francs
^ Swiss francs
1-08-73
1-08-73
1-29-73
4-08-74
4-08-74
4-29-74
4-08-74
4-03-74
4-29-74
7-03-75
7-08-75
7-29-75
5.70
5.70
6.00
8.40
8.40
8.60
24
15
50
1..
) 1,599
June
Notes
C Swiss franca
1 Swiss francs
3-09-73
6-07-74
6-07-74
9-08-75
6.625
8.35
l?^
129
1 1,599
Certificates of indebtedness
f Swiss francs
1 Swiss francs
1-18-74
7-18-74
7-18-74
1-20-75
8.05
7.90
12-
l.:-
"^
Julo-
<
Motes
r Swiss francs
J Swiss francs
\ Swiss francs
l^ Sw iss francs
4-05-73
4-17-73
7-05-74
7-17-74
7-05-74
7-17-74
10-06-75
10-17-75
6.93
6.70
8.55
8.40
IV
170
> 1,599
Nov
Notes
Swiss francs
Swiss francs
Swiss francs
Swiss francs
' Swiss francs
Swiss francs
Swiss francs
Swiss francs
8-02-73
8-20-73
8-27-73
8-30-73
11-01-74
11-20-74
11-27-74
11-29-74
11-01-74
11-20-74
11-27-74
11-29-74
2-02-76
2-20-76
11-26-75
3-01-76
8.70
8.25
8.125
8.20
7.94
7.30
7.35
7.30
33
38
^
' 1,599
1975-Jan
/certificates of indebtedness
Swiss francs
7/18/74
1/20/75
7.90
-
127
1 Notes
Swiss francs
1/20/75
4/20/76
6.97
Xil
-
Feb
Notes
j Swiss francs
\ Swiss francs
11/30/73
2/28/75
2/28/75
5/28/76
6.98
6.10
-
-
I 1,599
Apr
Notes
r Swiss francs
Y Swiss francs
1/7.-74
4/7/75
7A7/7T
7.07
6788
67
b7_
1,599
Uiy
Notes
[ Swiss francs
J Swiss frfincs
\ Swiss francs
j Swiss francs
2/06/74
2/20/74
5/06/75
8/20/75
5/06/75
5/20/75
8/06/76
8/20/76
6.60
6.60
6.80
6.40
3"-
33
j6
\ 1,599
June
Notes
' Swiss francs
Swiss francs
( Swiss francs
Swiss francs
I Swiss francs
3/11/74
3/13/74
6/11A5
6'11,'V-
6/11/75
6/13/75
9/10/76
12/10 '76
6/14/76
7.15
7.25
5.21
6.39
5.79
148
170
30
318
30
) 1,599
Jjly
Notes
1 Swiss francs
J Swiss francs
\ Swiss francs
Swiss francs
4/2V74
7/08/75
7/29/75
7/0E/75
7/20/75
lO/OE/76
8.40
8.60
7.15
7.35
38
38
50
> 1,599
Sept
Notes
pSwiss francs
Swiss franco:
6/7/74
9/8/75
8.7-5
7.75
129
I 1,599
Oct
Nov
Notes
Notes
[Swiss francs
/ Swiss francs
\ Swiss francs
V Swiss francs
/ Swiss francs
Swiss francs
7/05/74
7/17/74
10/06/75
10/17/75
11/27/74
11/26/75
10/06/75
10/17/75
4/06/77
4/18/77
11/26/75
5/26/77
8.55
8.40
7.70
7.25
7.35
6.95
29
170
400
29
170
400
) 1,5^
1 1,599
1976-Feb
Notes
1 Swiss francs
I Swiss francs
\ Swiss francs
Swiss francs
11/03/74
11/20/74
2/02/76
2/20/76
8/02/77
8/19/77
7.94
7.30
6.08
6.35
64
38
64
38
j
Mar
Notes
Swiss francs
:/v/7-
3/01A6
9/01/77
7.30
6.40
33
33
1,599
}u)ic np7
.PUBLIC DEBT OPERATIONS
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
61
Month or
activity
197b-Air.
May.
June
July
Aug.
Sept
Oct..
Nov..
Dec. .
Iy77-Jan..
Feb . . ,
Mar. . .
Apr,,
l/ay...
.>curities
Notes
Notes
Notes
Notes
Notes
Notes
Notes
Paj-able
.^■i£; iranct
Swis£ francs
Swiss francs
;Tw1e£ francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
'' Swiss
Swiss
Swiss
^ Swiss
Swiss
Sv/iss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
francs
francs
Swiss francs
t, Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
fSwiss francs
, Swiss francs
jwiss francs
[Swiss francs
ISwiss francs
iSwiss francs
Jwiss francs
f3wiss francs
Swiss francs
Issue
date
/,/20/75
2/28/75
V28/76
6/13/75
6/14/76
V07/75
7/07/76
V6/75
5/20/75
8/6/76
8/20/76
6/11/75
■1/10/76
10/8/7D
7/29/75
10/29/76
6/11/75
6/11/75
•1/08/75
12/10/76
o/oa/75
9/08/75
9/08/75
10/06/75
3/08/77
10/06/75
10/17/75
11/26/75
V18/77
11/26/75
5/26/77
Matur i ty
date
10/20/77
5/28/76
11/28/77
6/U/76
12/14/77
7/07 Ah
1/06/78
8/6/76
8/20/76
2/6/78
2/20/73
9/10/76
3/10/7.-!
10/8/76
4/07/78
10/29/76
4/28/78
12,'l0/76
12/10/76
3/08/77
6/09/78
3/08/77
3/08/77
.3/08/77
4/06/77
9/08/78
4/06/77
4/18/77
5/26/77
10/16/78
5/26/77
11/27/78
Interest
rate
(percent)
6.10
6.10
7.05
5.79
6.75
6.88
D.70
6.80
6.40
6.50
6.35
7.15
5.95
7.35
5.80
6.39
6.39
7.75
5.25
7.75
7.75
7.75
7.70
5.9tl
7.70
7.25
6.95
5.60
6.95
6.10
Ajnount
(Dollar equivalent)
33
36
148
160
360
14-;
33
50
20
56
26
170
14
Total outstanding
erid of month
1 . 599
1 , 599
1,599
1,599
1,599
1,579
1,546
1,520
1,494
1,461
1,434
Source; b^^ireau of tiie r^jblic lebt.
1/' The principal amount of this note was increased Jl million to compen-
sate for a lower interest cost than was anticipated when the note was
revalued in 1J70.
Dollar value of securities increased to reflect market exchange rates
as of February 12, 1973.
62
Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Series E and Series H are the only savings bonds cur-
rently sold. Series E has been on sale since May 1, 1941,
and Series H has been on sale since .hine 1, 1952. Series
A - D were sold from March 1, 1935 through April 30, 1941.
Series F and G were sold from May 1, 1941 through April
30, 1952. Series J and K were sold from May 1, 1952 through
April 30, 1957. Details of the principal changes in issues,
interest yields, maturities, and other terms appear in the
Treasury Bulletins of April 1951, May 1952, May 1957, Oct&ber
n- '.fay and October 1961, June 1963, and
.■''/: ; : the Anrial Report of the Secretary of
the Treasury for f i c 1966 through 197.4 .
Table SB-1. - Sales and Redemptions by Series, Cumulative through May 31, 1977
(Ir. ■' ■Sollars)
Sales 1/
Accrued
Hedeuipt ion;-. 1/
Amount outstanding
Series
Interest-
bearing debt
totured
non-^nlereet-
bearing debt
Series A-D 2/
Serii ■
',949
19", "CO
50,'249
1,125
198
^43,949
29,521
3,754
170,041
29,505
3)751
73,908
3
Ser;
16
Seri'
3
229,600
52, «7
;.-",.„-
208,296
73,90?
Footnotes at end of Table SB-4.
Table SB-2. - Sales and Redemptions by Periods, All Series Combined
fiscal years:
ln-5-*7
1971.!....!.
1972
1973
1974
1975
1976
T.q
Calendar years
1935-66
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
Month 3-
197«^Uay. ,
June,
July,
Aug.,
Sept,
Oct.,
Nov.,
Dec,
1977^an.,
Feb.,
Mar.
Apr. ,
Uay.
Sales 1/
170,678
4,739
4,550
4,449
5,082
5,940
6,514
6,429
6,826
7,29?
1,831
Accrued
discount
27,424
1,735
1,789
1,841
2,056
2,310
2,564
2,749
3,252
1,496
.. , 'J-'"-
I 75 n
i, ;q '
1,832
4,665
1,909
i.at
2,192
6,236
2,426
6,270
2,67-
6,862
2,994
7,01?
3,368
7,555
3,507
648
281
603
-•01
632
■^26
642
284
558
292
306
296
315
677
345
668
306
711
307
683
328
709
305
(In millions of dollars)
Sales plus
accrued
discount
198,102
6,4'73
6,338
6,291
7,138
8,249
9,078
9,178
10,078
10,790
2,735
194,660
6,584
6,455
6,224
6,574
7,669
8,662
8 04^
a,f'56
11,152
929
904
959
926
850
go-
eofe
948
1,022
973
1,018
1,011
1,014
Redemptions 1/'
146,800
5,982
6,339
748
425
338
585
681
519
6,543
1,717
143,745
5,793
6,1"'-
6,6-r-
6,2^0
5,244
5,365
504
566
569
594
554
541
568
515r
'91
563
Sales
price 2J
132, 0'3
4,^78
5,2:7
5,508
4,342
4,306
4,494
5,366
5,173
5,133
1,346
129,471
4,842
391
441
445
466
435
504
447
477r
455
434
Accrued
discount 1/
14,76b
1,003
1,102
1,240
1,083
1,032
1,092
1,3U
1,346
1,409
371
14,274
951
1,040
1,182
1,223
1,021
1,043
1,266
1,354
1,332
1,483
112
124
124
127
120
112
111
130
137
121
138r
136
129
Amount outstanding
Interest-
bearing debt
51,213
51,712
51,711
51,281
53,3
55,9.'>1
59,418
61,921
65,482
69,733
70,752
50,752
51,581
51,917
51,54°
51,84."
54,275
57,57'
60,317
63,349
67,464
71,853
69,394
69,733
70,428
71,07;
70,75;
'71,11^
71,;;--
71,853
72,234
72,640
73,037
73,457
73,903
Matured
non-interest-
bearing debt
82
82
29
27
23
22
164
126
112
42
37
31
26
25
17
24
23
22
23
22
21
21
17
17
17
22
22
22
Footnotes at end of Table SB-4.
June 19^7
63
.UNITED STATES SAVINGS BONDS.
Table SB-3. - Sales and Redemptions by Periods, Series E through K
(In millions of LlollarsJ
Sales 1/
Accrued
discount
Sales plus
accured
discount
Redemptions 1,
Sales
price 1/
Accrued
discount j/
outstandirL?
Interest -tearing
debt
Matured
non-interest-
bearing debt
Series £ and H i;ombined
Fiscal years:
1941-67
1958
196a
1970
1971
W72
1973
107^
1975
1976
T.tJ
Calendar ve.irs
1941-66
1967
1968
1Q50
lq70
1971
1972
1973
1974
1975
1976
Months :
1975-May
June
July
Aug
Sept
Oct
Nov
Dec
1977 -J an
Feb
Mar
Apr
May
134,778
4,7^^q
4.":'50
5 ,Q IQ
0.514
6^826
7,20?
■ 1,83:-
132,161
4,808
-'. . 606
5,477
6,2 -6
6,270
6,862
7,!.H8
7.555
"II
70'=l
25,051
1.7 U
1,788
1,841
2,05b
2,310
2,564
2,749
3,252
3,496
902
24,230
1,580
1,757
1.8 32
l,'90q
2,162
2,426
2,673
2,994
3,368
3,567'
281
301
326
284
292
306
266
315
345
306
307
328
305
159,82°
6,470
6,337
6,291
7,138
8,249
9,078
9,178
10,078
10,790
2,735
156,391
6,578
5,452
6,224
6,574
7,666
8,552
8,943
9,856
10,406
11,152
926
904
956
925
850
893
895
948
1,022
973
1,018
1,011
1,014
106,012
5,715
6,168
5,721
5,415
5,331
5,581
6,675
6,517
6,5:^0
1,715
105,176
5,439
5,615
6,565
5,281
5,237
5,359
6,206
5,824
6,290
6,752
503
565
568
565
553
5 31
504
601
541
558
521
591
563
96,457
4,739
5,112
5,484
4,334
4,294
4,490
5 . 361
5,172
5, 130
1,345
94,120
4,519
4,898
5,391
5,060
4,217
4,311
4,972
5,471
4,959
5,281
391
441
444
467
433
419.
393
472
504
445
481
455
434
,555
676
,086
,237
,082
,037
,061
,314
1,345
1,406
371
12,059
919
1,017
1,173
1.221
1,020
1,046
1,234
1 , 353
1,331
1,481
112
124
123
128
119
112
111
129
137
121
140
136
129
50.817
51,572
51.711
51,281
53,003
55,921
59,418
61,621
55,482
69,733
70,752
50,212
51,352
51,860
51,54°
51,842
54,275
57,579
60,317
53,349
67,464
71,853
69,394
69,733
70,428
71,079
70,752
71,113
71,506
71,853
72,234
72,640
73,037
73,457
73,908
Series F.
0. J, and K combined ^
Fiscal years:
1941-67
<1.651
-
-
: 1.651
1,318
4
1
1, 315
6
2
33,269
4
1
33,256
6
2
32,793
266
140
27
8
6
5
5
1
32,572
353
218
74
13
7
5
5
5
1
8
1
1
1
-1
1
1
4
31,524
239
124
24
7
5
4
4
1
3
i
31,322
321
194
55
11
6
5
4
4
*
6
1
1
1
-1
1
1
3
*
-4r
1,269
27
16
*
1,250
32
23
9
2
1
1
1
1
*
2
*
1
-Ir
367
140
540
229
27
80
1958
75
1666
76
1670
49
1671
41
1672
34
I673
30
lq74
25
1675
24
1975
20
T.Q
Calendar years:
1941-66
155
1967
118
1968
105
196°
58
1670
44
1071
37
1972
32
1°73
27
1074
22
1Q75
21
1676
13
1976-Majf
21
20
July
19
20
Sept
19
Oct
18
18
Dec
13
1977^an
13
Feb
13
18
Mar
Apr
18
May
18
Footnotes at end of Table SB
-4.
64
Treasury Bulletin
UNITED STATES SAVINGS BONDS,
Perlcx!
Table SB-3. - Sales and Redemptions by Periods. Series E through K -Continued
Sales 1/
Accrued
d I; count
(in rJllIonB of dollars)
Sales plus
accrued
discount
■iemptions l/
Sales
prl.ei/
Accrueti
discount j/
Exchange of
E bonds for
H horAs
Amount
outstanding
(Interest-
bearing debt)
^lllW'-
124.707
.;,466
4,343
4.2>--^'
..,.S70
5,6W
6,1.>0
6,U5
6,503
6,075
1,761
122,276
.;,574
4 45?
!,',!?.!
4,503
5,21.3
5,. '.38
"[524
6.72"
7,245
620
584
eos
615
537
566
576
611
641
64.'
6"Q
25,051
1,731
1,783
l,f^41
2,0'>'.
2.310
2,564
2,749
3,252
3,496
902
24,230
1,630
1,757
1,.332
1,'>0>)
2, 192
2,426
2,673
2,'i"4
3,368
3,597
281
301
326
234
292
306
296
315
345
306
307
128
U9,758
6,196
6,131
6,130
6,92i
7,960
8,755
8,894
9,755
10,471
2,663
14&, 506
6,255
6,209
6,052
6,412
7,411
8,348
8,661
9,518
10,097
10,841
.-)01
872
872
926
986
948
986
984
105,177
5,154
5,548
5,959
4; 159
4,972
5,2(»
6,156
6,063
6,114
1,611
102, 599
4,941
5,300
5,335
5,626
4,871
5,007
5,740
6,318
5,886
6^336
5 36
519
499
471
566
604
534
92,622
4,178
4,462
4,722
3'877
3,932
4,118
4,842
4,71?
l[."4:
90,540
4,022
4,2.33
4,661
4,405
3,851
3,958
4,507
4,965
4,555
4,855
356
399
413
428
400
3-7
360
437
466
412
442
419
12, 555
976
1,086
1,237
1,082
1,037
1,091
1,314
1,346
1,409
371
12,059
919
1,017
1,173
1,221
1,020
1,049
1,234
1,353
1,331
1,481
112
124
123
128
119
112
111
129
137
121
140
136
1,622
196
184
ao
231
292
338
310
310
326
80
1,510
21 1'.'
1 -1
130
228
249
329
319
310
326
327
25
29
26
26
28
26
26
27
31
26
28
24
42,959
106.^
43,805
1969
44,205
1970
44,167
.5,»2
1972
48, 598
1973
51,806
1974
54,234
1975 . ;
57,617
1976
61,648
T.Q
62,621
Calendar years:
1941-66
42,398
1967
1968
1969
1970
1971
,0.504
44,818
47,108
1972
50,120
1973
1974
1975
1976
Months:
52,723
55,613
59,498
63,676
61,316
61,648
July
.^2,325
.^2,064
Sept
Nov
Dec
1977-Jan
.32,6a
■J.-',968
^-."•43
0^,04
64,790
o5,194
War
May
Fiscal voars;
1952-67
10,071
1968
27?
1969
^07
1970
160
1971
1972
1973
322
234
1974
1975
324
313
1976
T.Q
Calendar years:
1952-66
^ 335
1967
324
•344
1968
196^
1970
162
1971
2y'
1972
314
232
1973
1974
333
1975
'
23
I'l
July
24
Aug
27
Sept
21
Oct
a
Nov
24
Dec
22
1977-Jan
36
26
Feb.
Mar
32
27
>*>y
31
212
289
322
31s
72
9,885
324
244
172
16?
3,^35
425
104
3,580
497
615
730
65'-'
404
„.,
427
23
35
19
42
24
31
27
39
21
34
a
32
24
33
'■-'
.-■'.•
36
26
34
32
39
27
35
31
35
3,835
457
359
372
519
455
425
10.'.
3,53:
.",97
615
730
655
366
353
465
506
404
427
35
42
31
39
34
32
33
34
38
34
39
35
35
1,622
196
184
ao
231
292
338
310
310
326
30
1,510
207
191
130
228
249
323
319
310
326
327
25
29
26
26
28
26
26
27
31
26
28
24
24
V,.Jl
•', -23
".•;i2
7 , .'.36
■ .-'65
■', '34
'.:3i
7,315
7,84s
7,lu7
7,458
7,594
7,736
7,966
8,177
8,077
8,084
3,103
8,116
8,131
8,146
3,163
3,177
8,207
3,225
8,247
8,263
8,284
Footnotes at end of Table SB-4.
jutie nn
65
.UNITED STATES SAVINGS BONns.
Table SB-4. - Redemptions of Matured and Unmatured Savings Bonds
Fiscal years :
1951-61
1962
1963
1964
1965
1966
1967
1966
1969
1970
1971
1972
1973
1974
1975
1976
T.Q
Calendar years:
1951-60
1961
1962
1963
1Q64
1Q65
1966
1967
1968
1969
1970
1971
1972
1Q71
1974
1975
1976
Months :
1976- May
June
July.
Aug..
Sept.
Oct..
Nov. ,
Dec.
1977^an. .
Feb..
Mar. .
Apr. , ,
May. . .
113,654
5,716
5,27!
5,164
5 , 346
5,724
5,922
5,982
6,339
6,748
5,425
, 5eo
,ngl
,517
71,804
5,5^5
5,b02
5,021
5,252
5,441
D,000
5,70-:
b,l-
6,b.':Q
b,295
5,244
5,365
6,210
6,833
6,291
6,771
504
566
566
5')4
554
5 '2
504
b41
56:3
61 5r
591
563
(In millions of dollrirsj
32,587
2,593
2,250
2,057
2,184
2,253
2,471
2,548
2,560
2,792
2,490
2,043
2,126
2,729
2,544
2,820
707
31,005
2,555
2,387
2,043
2,171
2,148
2,472
2,386
2,652
2,686
2,841
2,022
2,053
2,508
2,627
2,481
3,275
278
242
301
207
255
134
269
618
301
353
298r
29g
233
Oeries E
and H
17,010
1,668
1,5Q3
1,754
1,938
1,973
2,059
2,289
2,417
2,762
2,481
2,036
2,121
2,724
2,545
2,816
794
16,130
1,63 1
1,656
1,617
l,88ci
1,932
2,080
2,041
2,44'
2,601
2,827
2,014
2,047
2,505
2,622
2,481
3,275
277
241
299
208
253
133
269
618
301
353
304
298
233
15,577
75,145
925
8/
3,070
657
9/
2,951
304
3,088
246
3,284
280
3,^00
412
3,351
260
3,401
143
3,566
20
3,842
Q
3,660
7
3,317
5
3,393
5
3,847
-1
3,776
4
3
3,772
891
14,*'6
6/- 7,
40,799
922
7/8/
3,100
730 8/0/
3,002
426 2/
3,031
282
3,157
216
',287
391
3,384
345
3,413
209
3,455
84
3,726
15
3,885
8
3,305
6
3,337
3,578
5
3,789
*
3,955
8
3,487
*
226
1
324
1
268
-1
386
1
299
1
398
*
235
4
-17
»
340
•
215
6r
317
'
293
-
331
Series E
and H
44,816
2,875
2,812
2,948
3,165
3,196
3,273
3,376
3,560
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
a,. .a 7
2^827
2,905
3,026
3,176
3,277
3,370
3,441
3,724
3,885
3,305
3,337
3,578
3,789
3,955
3,487
226
324
268
386
299
398
235
-17
340
215
317
293
331
31,922
lof,
1 -•:':.
140
1".;
25
6
9,740
201
175
125
131
111
107
44
13
2
Unclassified
10/
9,890
53
73
19
-121
172
99
33
213
115
-725
-23
67
104
198
-158
-60
213
-52
-76
6
144
-7
26
228
-431
-83
-24
123
a7
-145
Source: Montlly Statement of the Public Debt of the U.S.; office of Mar-
ket Analysis, United States Savings Bonds Division.
Note: In these tables sales of Series A-F and J bonds are included at is-
sue price, and redemptions and amounts outstanding at current redemp-
tion value. Series G,H, and K are included at face value throughout. A/
Matured bonds which have been redeemed are included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt until all bonds of the annual series have matured, and are then ^
transferred to matured debt on which interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of (1) 6/
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957; (2) Series F and J bonds for Series H bonds beginning 2/
January 1960; and (3) U.S. savings notes for Series H bonds beginning
January 1972; however, ti-ey exclude exchanges of Series E bonds for 8/
Series H bonds, which are reported in Table SB-3.
2/ Details by series on a cumulative basis and by periods of Series A-D 2/
combined will be found in the February 1952 and previous issues of the
Treasury Bulletin. 10/'
2/ Because there is a normal lag in classifying redemptions, the distri-
bution of redemption between sales price and accrued discount has been ♦
estimated. Beginning with the Treasury Biilletin of March 1961 the
method of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final
reports of classified redemption. All periods shovm have been revised
on this basis.
Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957. Sales figures after
April 30, 1957, represent adjustments.
Includes exchanges of Series 1941 F and G savings bonds for 3-1/4^
marketable bonds of 1978-83. '
Includes exchanges of Series 1948 F and G bonds for 4-3/45S marketable
notes of 1964.
Includes exchanges of Series 1949 F and G bonds for 45? marketable bonds
of 1969.
Includes exchanges of Series 1960 F and G bonds for 3-7/8^ marketable
bonds for 1968.
Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/8S
marketable bonds of 1971 and 4? marketable bonds of 1980.
Represents changes in the amoiints of redemptions not yet classified
between matured and unmatured issues.
Less than $500,000. r Revised.
66
Treasury Bulletin
.UNITED STATES SAVINGS NOTES.
United States savings notes were on sale May 1, 1967
through June 30, 1970. The n"*o5; were eligible for pnrohase
by individuals with the c s- purchar' -a F
savings bonds.
The principal terms and conditions for purchase and re-
j, — .-- ..J Information on investment yields of savings
In the Treasury Bulletins of March 1967 and
June 1968; and in the Annual Report of the Secretary of the
Treasury for fiscal year 1974.
Table SN-1. - Sales and Redemptions by Periods
fin millions of dollars)
Mscai years:
Sales ly
Accrued
discount
accrued
discount
Redemptions Z/
Sales
price
Accrued
discount
Aliiount
outstanding
1967.
1968.
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976.
T.Q..
Calendar years:
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
Months:
1976^ Hay
June.. . .
July.
Aug..
Sept.
Oct..
Nov..
Dec.
1977-Jai>..
Feb..
Uar..
Apr. .
May..
1
201
326
323
11
2
-2
80
277
348
160
-3
12
25
33
28
29
35
31
24
6
5
18
31
31
28
29
39
25
24
2
2
4
4
-2
2
2
2
2
2
2
2
2
1
201
338
347
44
■ 28
29
35
33
22
6
281
366
191
27
28
29
39
25
24
2
2
4
4
-2
2
2
2
2
2
2
2
2
li:
I'-'.
75
45
11
7
76
154
124
71
74
82
53
42
5
3
1
1
5
2
4
3
3
4
34
105
157
77
58
62
58
32
7
72
145
116
62
60
66
40
29
4
2
3
2
3
1
1
3
1
3
1
6
10
8
11
14
17
13
3
9
9
13
16
1^
13
2
1
1
1
1
2
1
1
1
1
1
203
505
742
619
561
519
477
435
413
407
. 80
354
644
662
584
540
496
453
424
406
414
a3
413
413
407
409
409
406
406
404
402
401
400
Source: itmthly Statement of the Public Debt of the United States; Office
of Market Analysis, United States Savings Bonds Division.
1/ Sales were discontinued after June 30, 1970. Figures shown thereafter
represent adjustments.
2/ Includes U.S. savings notes exchanged for Series H bonds beginning
January 1972.
» Less than $500,000.
June 19^7
.OWNERSHIP OF FEDERAL SECURITIES.
67
Table OFS-1. - Distribution of Federal Securities by Classes of Investors and Types of Issues
(In irdllLons uf dollars)
End of
fiscal year
or month
1963
1969
1970
1971
1972
1973
1974
1975
1976
T.Q
1975-Mar..
1975-Dec..
197f^Apr . .
May..
June.
Julj.
Aug..
Sept.
Oct..
Nov. .
Dec.
1977-Jan..
Feb..
Mar..
Apr . . .
Total
Federal
securities
outstanding
171,
367,
383,
410,
438,
469,
437,
544,
6»,
646,
428
292
154
251
081
131
385r
378r
520.702
537, 584
612,897r
621,633r
631,385r
635,833r
644,971r
645,378r
649,276
656,282
664,794
6p4,853
674,230
680,141
681,905
Interest^bearing public debt securities
Total
outstanding
351
729
369
026
396
289
425
360
456
353
473
238
532
122
619
254
633
560
508
581
575
657
600,927
603
077
619
254
623
580
632
291
633
560
635,062
643,643
652,457
652,980
662
320
668
216
668
509
H..-ld by IJ.
Oover!\iiient a''counts
7b,li-i
84,815
95,170
102,338
111,460
123,385
138,206
145,283
14=", 611
146,105
138,458
139,343
139,122
143,704
U^.tll
147,626
148,028
146,105
144,617
144,891
147,098
U4,107
144,437
144,949
145,503
Martietable
l4,bJ4
16,007
16,974
13,092
19,868
20,080
21,229
20,471
18,347
16,633
20,805
19,392
19,104
18,563
18,347
17,993
16,647
16,633
16,636
16,430
16,483
16, 363
15,738
15,764
I'i ."'Oi.-.
Nonmarketable
Government
account series
fabi738
76, 124
82, 740
89,535
101,248
114,921
122,755
129,209
127,417
115, 5^6
117,396
117,963
123,085
129,209
127,577
129,326
127, a?
125,926
126,406
128,560
125,688
126,5'^3
127,129
127,941
2,071
2,071
2,055
2,055
2,056
2,056
2,055
2,055
2,055
2,056
2,055
2,055
2,055
2,055
2,056
2,055
2,055
2,055
2,055
2,056
2,055
2,056
2,055
2,056
Public
issues
held by
Federal
Reserve
banc's
•'2,230
54,095
57,714
65,518
71,356
75,022
80,485
84,749
94,445
96,427
81,418
87,934
91,814
90, 530
94,446
90,673
94,030
96,427
95,741
91,560
95,970
94,134
95,837
95,987
99,837
Interesvbearing public debt seciirities - Con.
Ma tm-ed
publ i c
debt
and debt
bearing
no interest
Agency securitie
s
End of
fiscal year
or month
Held by private investors
Total
outstanding
1/
Held by
U.S. Government
accounts and
Federal Reserve
banks
Held by
Total
Marketable
Nonmarketable
I'rivate
investors
1968
1969
1970
1971
1972
1973
216,032
212,819
216,142
227,883
242,545
257,947
254,543
302,090
375,197
391,028
288,705
348,380
369,991
373,843
375, W7
385,281
100,233
391,023
394,704
407,092
408,388
414, 73Q
422.046
427,280r
423,169
159,663
156,00b
157,911
161, 8d3
165,978
167,869
164,862
ao, 386
279,788
294,603
197,755
255,855
275,526
278,928
279 . 788
239,053
293,637
294,603
296,213
307,309
307,823
313,498
319.982
323,628r
318,722
56^814
58,231
66,020
76,566
90,078
89,585
91,704
95,409
95,425
90,940
92,515
94,455
94,915
95,409
96,228
96,596
96,425
98,491
99,783
100, 565
101,. ^41
102,064
103,652
104,447
3.173
1,'"«1
1,SQ3
1,841
1,901
1,788
1,822
1,067
1,179
1,142
1,073
993
1,046
2,595
1,179
967
1,037
1,U2
2,542
1,0-7
1,028
992
2,514
24 399
14! 249
12,510
12,153
10,894
11,109
12,021
10,043
10,953r
ll,677r
11,042
10,935
10;924r
10,961r
10,953r
ll,287r
ll,643r
ll,t77r
ll,b73
11,643
11,250
10,945
10,932
10,934
10,883
3,001
2,84b
2,553
2,251
2,170
2,155
2,152
2,186
2,223
2,222
2,099
2,128
2,233
2,224
2,223
2,218
2,222
2,222
2,214
2,209
2,184
2,048
2,052
2,053
2,054
21,303
11,403
9,955
9,911
8,724
8,953
1974
1975
9,869
8,757
1976
T.Q
3,730r
9,455r
8,943
8,807
1975-Mar
1975-Dec
1976- Apr
May
S,591r
8,737r
8,730r
July
Aug
Sept
Oct
9,069r
9, 42 It
9,455r
9,459
9,433
Dec
9,067
1977-Jan
8,897
S^SSO
8,881
8,829
Mar
Note; The Export- Import hank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-6/i6. Adjustments are made
to include totals for the period it vraa outside the Budget (August
17, 1971 through September 30, 1976). Also, adjustments are made
to reflect certain Export- Import Bank borrowing transactions now
classified as agency debt. These transactions were previously reported
as off-budget negative outlays.
1/ For detail, see Table FD-6.
r Revised,
68
Treasury Bulletin
.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-2. - Estimated Ownership of Public Debt Securities by Private Investors
; iir
valu(.'i; 1/
in billion
J of dollai
c,
Total
privately
hold
^:otiarier-
clal
bfinVr
Z/
NonbaiiK invoGtors
Total
Individuals Z/ \
Insurance
companies
Mutual
jav-
Ings
banks
Corpora-
tions V
State
and
local
govern-
ments
Foreign
and Inter-
national
End or
month
Tolri)
Saviiif
c bondi:
Otlier
secu-
ritieD
Other
investors
Series
E and H
Other
faeries 2/
6/
33.4
231.6
208.3
204.6
199.9
194.3
196.3
194.8
199.8
196.7
.303.8
199.9
207.1
203.0
207.0
198.5
200.5
194.6
197.9
197.8
204.5
206.4
212.7
206.7
210.0
208.0
2U.S
21.-.. ■:
21Q.5
21?. 2
220.5
218.3
222.5
217.1
220.5
213.4
219.2
207.7
222.4
219.2
228.5
214.8
222.0
218.0
229.7
247.9
244.4
262.5
259.7
261.7
256.4
271.0
303V2
349.4
355.3
365.0
371.7
371.0
376.4
376.4
386.2
391.3
392.5
3T-.-
40?. 1
4^0. ',
415.7
423.1
42?. 3
425.7
12.7
93.8
74.5
65.6
61.8
58.4
61.5
61.1
63.4
58.8
63.7
63.6
69.1
63.5
62.0
57.3
59.5
56.2
59.5
65.2
67.5
61.5
60.3
55.3
62.1
62.5
67.2
65.1
67.1
64.3
64.2
60.2
63.9
58.2
60.7
54.8
57.4
55.5
63.8
59.7
66.0
55.3
56.8
52.6
62.7
61.0
65.3
60.9
67.7
58.8
60.3
53.2
55.6
69V0
85.1
86.0
87.2
91.9
91.7
91.6
91.8
94.0
92.5
93.3
94.8
99.8
102.5
101.0
104.5
106.0
103.5
20.7
137.9
133.8
139.0
138.0
136.0
134.8
133.7
136.4
137.9
U0.2
136.3
138.0
139.5
145.0
141.2
141.0
138.5
138.4
132.5
137.0
144.8
152.5
151.4
148.0
145.5
147.7
149.2
152.3
153.9
156.3
158.2
158.6
158.9
159. S
158.7
161.8
152.2
158.7
159.5
162.5
159.5
165.3
165.5
167.2
168.7
182.6
183.6
194.8
200.9
201.4
203.2
215.4
234'. 1
264.2
269.3
277.9
279.7
279.3
284.9
284.5
292.2
298.8
298.9
302.5
308.3
307.0
314.7
318.6
322.3
322.2
9.4
63.9
64.1
67.4
66.3
65.4
64.6
64.8
65.2
66.1
64.8
64.8
63.5
65.2
65.0
66.6
65.9
66.3
64.9
64.4
63.7
66.3
69.4
69.7
66.1
64.6
65.8
65.5
65.9
65.9
6S.0
68.5
69.5
70.7
71.9
72.8
74.2
70.4
73.5
74.2
75.1
77.3
80.8
81.8
81.2
75.4
73.2
73.2
73.9
75.9
77.3
80.7
84.8
87V1
91.4
91.7
93.9
97.1
99.7
99.7
100.0
100.7
100.8
101.0
101.5
101.9
102.2
30.8
30.3
34.5
34.5
34.5
34.7
34.9
35.3
36.0
36.7
37.5
38.2
39.3
40.1
40.9
41.4
41.5
41.6
42.1
42.5
42.6
42.4
42.5
42.9
43.6
44.2
44.6
45.1
46.0
46.7
47.3
47.9
48.3
48.8
49.2
4U.S
50 . 4
;>l.i
51.4
51.2
51.1
50.8
51.4
52.5
53.8
55.4
57.1
58.9
59.8
61.4
62.9
65 Vo
66.0
1.9
12.5
13.9
15.4
15.1
14.6
14.4
14.1
I3.S
13.2
12.7
12.1
11.7
10.9
10.2
9.4
8.7
7.6
6.6
5.2
4.5
3.5
3.1
2.7
2.5
2.2
2.1
1.9
1.6
1.5
1.3
1.2
1.0
.9
.7
.5
.3
.3
.4
.5
.6
.7
.8
.7
.7
.6
.6
.6
.6
.5
.5
.5
.5
.4
7.5
20.6
20.0
17.6
16.7
16. 1
15.5
15.7
16.0
16.8
15.4
15.2
13.6
15.0
14.8
16.3
15.8
17.2
16.7
16.4
16.0
19.3
23.5
24.1
20.5
18.5
19.4
18.8
19.0
18.3
19.8
19.9
20.4
21.3
22.2
22.8
23.9
19.7
22.3
22.7
23.3
25.5
29.0
30.2
29.1
22.2
1?.?
17.2
16.2
16.4
16.9
18.8
21.5
2l76
24.0
5.7
24.4
24.9
19.8
18.7
17.1
16.4
15.7
16.0
16.0
15.9
15.4
15.3
15.0
14.6
13.6
13.2
12.7
12.5
12.2
12.6
12.6
12.5
12.0
11.8
11.5
11.5
11.4
11.6
11.1
11.4
11.1
11.3
10.7
10.5
10.0
9.9
9.0
9.0
8.5
8.4
8.1
7.6
7.2
7.4
7.0
7.0
6.7
6.6
6.3
6.4
5.9
6.2
7".l
9.3
2.7
11.1
11.8
11.6
10.9
10.2
9.8
9.6
9.5
9.5
9.2
9.1
8.8
8.7
8.5
8.3
8.0
7.9
7.6
7.4
7.2
7.3
6.9
k'.l
6.2
6.0
6.0
5.6
5.8
5.5
5.6
5.3
5.0
4.6
4.2
4.2
4.0
3.8
3.5
3.1
3.2
3.1
{.\
3.5
3.4
3.3
2.9
2.6
2.5
3'.5
4.5
2.0
19.9
15.3
18.4
19.7
20.1
20.7
18.8
19.9
18.6
21.5
16.5
19.1
18.6
23.2
17.3
18.7
16.1
17.7
14.1
18.1
19.8
21.4
10.5
18.7
1?. 5
!■' .5
!■" . ^
Ir.a
18.7
18.7
18.9
18.2
15.3
15.8
14.2
14.9
11.0
12.2
12.0
14.2
11.1
10.4
8.5
7.3
7.4
11.4
9.3
9.8
9.8
10.9
10.8
11.0
13'.2
20.2
.4
6.7
6.3
8.7
8.8
9.4
9.6
10.4
11.1
12.0
12.7
13.9
14.4
14.7
15.4
16.1
16.3
16.8
16.6
16.3
16.5
16.9
18.0
18.8
18.7
19.3
19.0
20.1
20.1
21.4
21.1
22.5
21.1
24.1
22.9
24.5
24.3
23.6
24.1
25.1
24.9
26.4
27.2
2:>.^
26.9
28.9
28.8
29.2
28. -
33.0
.2
2.4
2.1
3.5
4.3
4.2
4.3
4.7
5.3
5.7
5.9
6.0
6. ■
7."
7.6
7.6
10.1
12.0
12.3
13.0
12.7
13.4
14.1
15.3
15.8
15.9
15.6
16.7
15.7
16.7
15.4
14.5
14.7
15.8
12.9
14.3
11.1
11.2
■ 14.8
5oio
55.3
60.2
55.5
57.7
-'.8
-■j'.O
66.5
.3
1946-Feb
9.5
Dec
9.3
9.6
Dec
9.3
9.6
Dec
9.4
9.7
Dec
9.4
10.0
Dec
Dec
1955-June
.5
Dec
- -.8
J.1.4
Dec
11.1
1957^une
11.1
Dec
.1.5
1958^une
:.6
Dec
il.2
1959-June
11.8
Dec
12.3
1960 -J line
12.5
Dec
13.5
1961 -June
12.7
Dec
13.5
1962^une
13.6
Dec
14.8
1963-June
15.1
Dec
15.6
1964^une
15.8
Dec
16.3
1965-June
16.8
Dec
16.7
1966^une
16.9
Dec
19.4
1967-June
19.3
Dec
19.9
1968^une
22.7
Dec
21.9
1969-June
22.0
Dec
25.0
1970^me
Dec
21.0
19.9
197Uime
17.2
Dec
15.6
1972 -June
U.O
Dec
17.0
1973^une
16.6
Dec
19.3
1974-Jvine
17.3
Dec
22.8
1975^une
2776
Dec
38.6
1976-Jan
67.3^
67.6
68.0
n8.4
'-?.?
'-'9 . 2
69.9
70.5
70.5
70.9
71.2
71.6
72.0
72.4
72.8
73.2
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
24.0
25.8
26. C
28.8
28.8
29.0
28.8
28.6
28.7
26.7
2?. 6
10.0
10.1
10.4
11.1
11.6
11. f
12.1
12.2
12.3
12.2
12.2
12.2
12.1
4.7
4.9
5.1
5.1
5.3
5.1
5.3
5.4
i'.i
5.3
5.5
5.6
5.7
5.2
5.2
21.2
23.2
23.0
23.8
26.0
25.0
27.0
27.8
2''-.7
24.7
24.2
25.5
27.8
27.9
26.0
26.3
34. 6
36.4
37.8
37.7
37.6
'=.5
37.2
33.7
39.1
41.5
42.1
41.6
44.4
42.3
43.4
46.9
68.3
69.6
68.1
70.2
71.0
6^'. 8
72.8
74.6
74.6
75.2
76.0
78.1
80.3
82.3
84.7
85.9
-.^ ->
Feb
Mar
Apr
37.4
May
38.7
38.2
July
41.9
40.9
Sept
42.9
Oct
43.6
tlov
47.7
Dec
43.2
43.4
Feb
46.7
Jjlar
48.9
Apr.P
43.6
1^., CffVc -.? Covemrcent Financing in the Office of the Secretary.
United Stfftea savings bonds, Series A-F and J, are included at current
ri5'5o-pt*'?n value.
coniDerciQl banks, trust companies, and stock savings
United States and in Territories and i.^land possessions.
, ide securities held in trust departments.
Inciuiieij partnerships and personal trust accounts.
Exclusive of banks and insurance companies.
Consists of the investments of foreign balances and International
accounts in the United States. Beginning with July 19'.^ tiie n^-.r.-
exclude noninterest -bearing notes issued to the International Mone-
tary Fund.
6/ Consists of savings and loan ■■■■ :,.-,
corporate pension trust fund: , .ud-
ed are certain government dep red
agencies,
2/ Includes U.S. savings notes, Sale;^ ■^ere dis-
continued after June 30, 1970.
p Preliminary.
Jinic 79^7
69
TREASURY SURVEY OF OWNERSHIP-
APRIL 30, 1977
The monthly Treasury Survey of Ownership covers securities
issued by the United States Government, Federal agencies, Fed-
erally-sponsored agencies, and the District of Columbia. The
banks and insurance companies included in the Survey currently
account for about 80 percent of all such securities held by
these institutions. The similar proportion for corporations
and for savings and loan associations is 50 percent, and for
State and local governments, 40 percent. Data were first pub-
lished for banks and insurance companies in the May 1941 Treas-
ury Bulletin, for corporations and savings and loan associa-
tions in the September I960 Bulletin, and for State and local
governments in the February 1962 Bulletin.
Holdings by comiiKrcial banks distributed according tj
Federal Reserve member bank classes and nonmember banks are
published for June 30 and December 31. Holdings by corporate
pension trust funds are published quarterly, first appearing in
the March 1954 Bulletin.
Table TSO-1. -Summary of Federal Securities
( Par values - in milllone of dollars)
Total
amount
outstand-
ing 1/
U.S. Govern-
ment ac-
counts and
Federal
Reserve
banks
Total
private
inves-
tors
Held by private investors covered in Treasury Survey
comnier-
olal
banks
2/
mutual .
savings
banks
2/
Insurance companies
48n
savings
and loan
associa-
tions
447
corpo-
rations
State and local
governments
All
Classification
2fl^
life
435 fire,
casualty,
and
marine
313
general
funds
Ifln
pension
and re-
tirement
funds
other
private
inves-
tors i/
Public debt issues:
Interest -bearing public
debt securities:
Marketable
■;.-:4.0'/'
11^'. "^t-.b
1. :'■-■', '"'?'■
10<i,46q
7S.214
4,510
3,3d4
rj , m5
•>,zm
U,448
.2.724
-.r;o
190,159
Nonjnarke table ^/
Total interest-bearing
public debt securities...
Matured debt and debt
bearintr no interest
:'."'U
24^,3A1
423.1'3S
-
4,510
■■■ . i'--''-
n,095
5,288
14.448
12.724
3,3?.-
294,628
2.5U
Total public debt
securities
■-l.X'.-^
;;^^'-:a
42' ,•:■:;
7t'.;34
4,f'10
3 . 5':4
' '.ij9';
14.443
12,724
3.378
297,142
Government aeencv issues:
4 , '-'''' '-'
2?0
Lev's
4.40O
2,3?8
8?0
198
Qh
yf-^
114
1':'4
134
-1
292
no
323
r74
2.388
Participation
certiclates 5/
112
Total Governnient agency
seciarities covered In
■P 7i-,Q
2,IU
i.'jj''
122
l.oa',
1.4"
1 '" '•■
:>'■?
303
265
411
qQ7
2,500
Nonsurveyed Governnient
agency securities
Total Government agency
securities 6/
10. ■■^.^]
2,1-1^'^
S.62Q
Total Federal securities
o.^l/^'V.
-... . . -''^
4M.'12
Footnotes at end of Table TSO-5.
10
Treasury Bulletin
.TREASURY SURVEY OF OWNERSHIP, APRIL 30. 1977.
Table TSO-2. - Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
f Par values - in millions of dollars)
Classification
Total
amount
outstand-
ing i/
U.S. Govern-
ment ac-
counts and
Federal
Reserve
banks
Held by investors covered in Treasury Survey
commer-
cial
banks
2/
mutual
£3aving8
banks
u
Insurance companies
•'•■'5 fire,
casualty,
and
marine
486
savings
and loan
associa-
tions
corpo-
rations
State and local
governments
313
general
funds
186
pension
and re-
t irement
funds
Held by
all
other
inves-
tors i/
By type security:
Issued by U.S. Government:
Treasury bills
Treasury notes
Treasury bonds
Total
Bv maturity distribution:
Call classes (due or first
becoming callable):
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
Total ,
Maturity classes (final
maturity):
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years ?ind over
Total
lo] :-vn
.■'■•jj,'j')'^
4'!/.,065
21V, ?48
U5,?.?8
i.-.W!
10,4.'.9
lO.Q^i
5 , ''LO
216, 7gp
144,528
45,806
i -^,065
17,199
115,366
54,767
37,828
11,710
4,174
4,4F2
2,405
115 , ~bi-.
54,369
37,599
12,337
1,2 'F
: 27*^
6,'..'.'
115,366
11,218
65,298
1,718
1,1b
3,638
•■96
368
1,449
.-,0i7
448
4,786
861
1,515
3,526
247
8,771
5,271
405
5,996
5,498
1.230
78,23.:
,510
,86i
6,005
5,288
27,331
43,148
7,036
254
363
101
78,234
1,365
2,148
864
1 Tpn
14,448
12,724
96a
,735
,881
318
131
62
,255 7,433
,550 4,2%
142
50
13
,864
27,270
43,089
7,156
139
180
399
1,357
2,141
717
88
47
161
821
1,115
879
514
238
298
6,095
2,695
1,954
154
179
177
14,448
2,511
2,521
184
22
33
15
10,250
3,530
422
75
97
73
78,234
4,510
■,864
6,095
5,288
14,448
12,724
7, (63
4,159
640
130
175
256
12,724
1,259
904
1,215
3,378
1,401
471
484
326
479
217
3,378
1,327
■ 431
599
170
190
661
3,378
89,951
84,093
16.115
190,159
110,944
47,764
20,041
4,100
4,881
2,428
190,159
110,585
47,247
20,917
1,709
3,031
6,669
190,159
Footnotes at end of Table TSO-5.
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue
fPar values - in millions of dollars)
Total
amount
outstand-
ing 1/
U.S. Govern-
ment ac-
counts and
Federal
Reserve
baniiS
Held by investors covered In Treasury Survey
5,498
commer-
cial
banks
2/
467
mutual
savings
banks
2/
Insiirance companies
289
life
435 fire,
casualty,
and
marine
486
savings
and loan
associa-
tions
corpo-
rations
State and local
governments
313
general
funds
186
pension
and re-
tirement
funds
Held by
all
other
Inves-
tors y
Treasury Bills:
Regular weekly and annual
maturing:
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
War.
Apr.
Total Treasury Bills.
1977.
1977.
1977.
1977.
1977.
1977.
1977.
1977.
1978.
1978.
1978.
1978.
Treasury Notes:
6-3/4!6 May
6-7/8
6-1/2
7-1/2
7-3/4
8-1/4
8-3/8
7-1/2
6-5/8
7-3/4
7-1/4
6-3/8
6-1/4
i
6-3/4
May
May
June
July
Aug.
Aug.
Sept.
Oct.
Nov.
Nov.
Dec.
Jan.
Feb.
Feb.
Mar.
1977-1.
1977 -(:.
1977-D.
1977-J.
1977-K.
1977-B.
1977-L.
1977-M.
1977-lJ .
1977-5.
1977-E.
1977-P.
1978-J.
1978-A.
1976-C.
1978 -K.
31,193
30,556
26,692
17,564
19,532
16,807
',402
3,505
■.071
■■',105
; ,208
161,977
•■,1'V
.■',565
5 -29
.',170
■ .'Uh
.. . "a.--
■,15'
■,162
8,056
8,113
6,863
3,885
4,813
4,792
786
1,19"
940
217
616
l,6-"i
I ■i
II ■
1,788
1,506
1,383
1,667
1,509
845
364
489
433
591
335
-08
11,218
777
■■18O
o36
648
'885
1,136
1,2'33
980
1,106
1,113
753
1,614
605
1,2°2
;1
16
15
12
26
17
7
50
29
12
54
73
52
50
44
69
65
4t
54
71
18
°4
358
37
17
21
24
12
21
16
17
41
51
.■;l
lu
51
16
49
113
50
79
.)1
54
36
23
12
19
11
11
10
,48
24
47
10
30
15
62
10
22
40
26
11
l^
18
91
13
16
91
137
169
142
106
147
64
97
55
74
1,515
42
26
32
145
10
125
737
424
775
1,119
2,789
1,022
423
480
397
295
158
144
56
32
75
132
109
157
95
113
89
87
164
1,201
912
789
1,094
385
579
241
379
81
154
104
76
5,996
106
78
10
71
102
173
25
40
41
89
82
58
81
258
41
70
254
320
294
176
207
5
2
1
1,259
2
1
i
15
3
6
2
2
3
2
1
26
I
18,774
18,946
16,156
9,336
9,481
9,289
1,435
772
1,120
1,227
1,525
1,892
8°, 951
883
855
1,488
934
550
1,786
832
1,738
1,309
1,090
881
978
1,135
2,592
1,250
1,085
Footnotes at end of Table TSO-5.
June l^n
71
.TREASURY SURVEY OF OWNERSHIP, APRIL 30, 1977.
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue-Continued
!Far valued - in millions of dollarsl
TreasTir\- Notes — Continued:
6-1/2? Apr. 1978-L
7-1/8 May lQ78-rj
7-1/8 May 1078 -H
7-7/8 May Iq78-F
6-7/8 June 1<)78-N
6-7/8 July 1978-?
7-5/8 Aug. 1'578-E
S-V"! Aug. 1978-C
6-5/8 Aug. 1978-Q
6-1/4 Sept. 1978-R
5-7/8 Oct. 1978-3
5-3/* Nov. 1978-T
6 Nov. 1978-n
5-1/4 Dec. 1978-U
8-1/8 Dec. 1978-H
5-7/8 Jan. 1979-L
7 Feb. 1979-H
5-7/8 Feb. 1979-M
6 Mar. 197a-N
7-7/8 May 1979-D
7-V4 June 1979-E
6-1/4 Aug. 1979-A
6-7/8 Aug. 1979^
8-1/2 Sept. 1979-F
6-1/4 Nov. 1979-K
6-5/8 Nov. 1979-B
7 Nov. 1979-C
7-1/2 Dec. 1979-G
6-1/2 Feb. 1980-G
7-1/2 Mar. 1980-C
6-7/8 May 1980-A
7-5/8 June 1980-D
9 Aug. 1980-B
6-7/8 Sept . 1980-E
5-7/8 Dec. 1980-F
7 Feb. 1981 -A
7-3/8 Feb. 1981-C
6-7/8 Mar. 1981-H
7-3/8 May 1981-D
7-5/8 Aug. 1981-F
7 Nov. 1981-0
7-3/4 Nov. 1981-B
6-1/8 Feb. 1982-D
7 Apr. 1982 -E
8 May 1982 -A
8-1/8 Aug. 1982-B
7-7/8 Nov. 1982 -C
8 Feb. 1983-A
7 Nov. 1983-B
7-1/4 Feb. 1984-A
7-7/8 May 1986-A
8 Aug. 1986-B
Exchange Series
Total Treasury Notes
Treasury Bonds:
4-1/4 May 1975-85
3-1/4 June 1978-83
4 Feb. 1980
3-1/2 Nov. 1980
7 Aug. 1981
6-3/8 Feb. 1982
6-3/8 Aug. 1984
3-1/4 May 1985
6-1/8 Nov. 1986
4-1/4 Aug. 1987-92
4 Feb. 1988-93
7-1/2 Aug. 1988-93
4-1/8 May 1989-94
3-1/2 Feb. 1990
8-1/4 May 1990
6-3/4 Feb. 1993
7 May 1993-98
8-1/2 May 1994-99
3 Feb. 1995
7-7/8 Feb . 1995 -2000
8-3/8 Aug . 1995-2000
8 Aug. 1996-2001
3-1/2 Nov. 1998
8-1/4 May 2000-05
7-5/8 Feb. 2002-07
Total Treasury Bonds
Total Marketable Public Debt
Securities
Footnotes at end of Table TSO-5
Total
amount
outstand-
ing
1/
'^
567
4
42.-:
ra
2
P'?5
5
155
2
462
2
049
105
0
■^'21
2
^•41
s
207
"■:7b
517
^
.t-"^,*^,
4
6<i.-;
2
845
510
2
260
1
782
4
S^n
2
QJ-^'i
~
081
1
r,04
2
241
2
nofa
4
608
2
069
7
265
2
185
4
206
2
141
2
(,92
1
842
4
705
2
8O0
2
020
2
58b
2
54.-:
4
477
2
bQ7
2
6n
2
747
2
918
2
902
7
958
2
309
2
Q05
5
219
Q
515
58
2'0
b^5
1
rise,
1
/nil
51 14
1
757
807
2
702
2
353
792
1
216
2
986
ISO
1
QI4
1
120
2
002
1
247
627
602
2,414
6O0
2,771
2,265
1,575
2.175
2,221
1,14'
41,433
Held by investors covered in Treasury Survey
U.S. Govern-
ment ac-
counts and
Federal
Reserve
banJss
■bl
17ri
635
171
445
242
4 il
l'-.2
118
1,74''
266
58";
1,-02
220
212
1,142
44 s
120
1,417
156
5,564
270
2,68-
150
110
559
1.027
95
152
171
45
1,856
21
58
1,445
1,094
706
2,091
103
1,006
789
1,934
o^t-,
b24
4O8
1,061
1,399
17Q
004
1,135
53
1,202
456
018
•■•20
209
:::ii
1,501
1-0
515
048
757
714
l,2b5
426
5,498
commer-
cial
banJis
2/
17,100
115,366
1,475
1,050
1,285
1,070
1,442
1,110
682
1,130
1,211
1,143
057
1,510
1,126
1,106
1,351
1,270
1,247
1,097
910
766
713
842
575
1,340
no
663
799
1,756
707
609
708
423
995
1,010
587
1,561
981
631
1,094
1,078
954
1,011
685
526
404
714
Q70
748
4bl
597
1,704
15
65, 208
61
60
95
72
36
451
133
27
64
65
4
41
4
99
40
59
96
25
7
157
7
12
18
5
mutual
savings
banks
70
36
78
27
47
23
45
19
72
31
44
-.;2
48
49
29
37
61
46
7
27
53
56
45
35
41
13
46
31
16
161
17
56
64
66
104
129
21
66
48
58
101
44
32
101
205
10
14
1
26
11
8
6
23
4
6
1
38
50
12
6
17
1
Insurance companies
4,510
28
1
1
13
28
2
11
133
12
22
17
31
1
1
2
8
10
2
11
10
1
5
6
8
1
6
2
17
20
63
7
7
7
14
17
4
9
28
39
41
27
20
133
103
1
43
275
161
126
15
20
15
135
8
109
46
471
43
19
16
o
17
56
30
16
120
12
10
2,047
' fire,
casualty,
and
marine
savings
and loan
associa-
tions
31
25
30
75
27
16
26
17
28
69
26
21
56
17
9
45
25
61
50
74
76
20
54
87
51
85
85
141
46
41
b8
85
151
30
160
107
62
172
101
35
103
136
205
303
157
220
438
224
5
4
78
30
25
6
116
5
11
30
61
01
7
38
35
19
17
57
82
100
45
11
140
64
55
80
125
136
28
5--:
75
46
35
11
15
01
4
18
50
41
43
50
106
25
74
42
25
10
81
11
170
18
14
1
2
11
11
1
6
!0
6
35
57
8
22
1
15
5
22
1
corpo-
rations
74
163
68
114
153
44
30
77
132
136
108
55
358
83
169
80
141
154
18
12
36
184
11
52
5
123
43
79
23
7
10
18
41
60
2e
152
93
27
30
108
10
58
no
12
3
23
39
23
41
"..271
5.286
5
20
31
59
15
10
10
12
13
12
1
State and local
governments
113
general
funds
224
75
161
104
235
111
16
237
237
181
88
192
63
64
253
77
155
85
11
25
48
58
25
107
21
25
62
31
5
31
59
16
18
117
15
94
38
48
31
73
82
30
28
25
21
31
47
33
60
5,408
14,
70
77
246
110
5
77
1
15
108
1
b
18
lib
14
12
11
13
186
pens ion
and re-
tirement
funds
12,724
2
8
1
2
17
1
13
2
1
14
8
4
5
9
4
7
44
21
2
5
31
3
1
11
21
18
3
5
30
19
4
g
1.3
68
83
41
20
6
101
1 12
Held by
all
other
inves-
tors J/
74
41
31
1
10
1
100
5
20
21
61
100
15
128
11
176
■.1
10
142
b5
1,146
953
1,031
1,144
1,048
601
1,009
006
125
053
120
409
448
1,180
895
852
1,295
904
1,509
573
696
1,809
945
1,045
1,419
275
864
772
1,125
908
889
904
1,086
783
1,097
504
1,574
1,348
920
1,029
1,035
1,242
1,083
1,635
532
1,111
1,073
4,343
1,093
1,101
2,953
4,990
20
359
517
796
490
336
997
658
365
187
1,302
55
520
514
1.145
194
510
369
1,673
1,056
705
1,187
745
495
16,115
12
.TREASURY SURVEY OF OWNERSHIP, APRIL 30, 1977.
Treasury Bulletin
Table TSO-4. - Securities Issued by Government Agencies
( F^ar values - : .'Hare}
Footnot«s at end of Table TSO-5.
Table TSO-5. - Securities Issued by Government-Sponsored Agencies
and the District of Columbia
Total
anount
outatand-
Infi 1/
.t'-'! .. :
iviJtors covered in Treasury 3urvoy
U.S. Oovcm-
ment ac-
counts and
Federal
R'^serve
5,<98
467
nutual
savings
banks
2/
Insurance
compaiilon
savings
and loan
assocta-
447
corpo-
'-Qt Ions
;-"tQte and local
governments
Held by
all
2S9
life
435rlre,
casualty,
and
Type
-ill
general
funis
1.^' pen-
sion and
rt'tlre-
o'nt l\m!;-
other
Inves-
tors 2/
taix.rl-itnooi-t, [lank:
1,900
U3
250
2,293
3,303
250
103
16
738
32
770
623
40
20
4
24
25
53
22
10
m
ltJ5
111
12
2.y,
1-
19
69
•■95
Issues to ;^tQte end local Ciovts.
(Mlf. Backed Ponds) 2J
Participation Certificates
91
Total
Federal Housinp Adplnistratlon;
lis
1 10
1,659
37
49
19
26b
32
199
lii
.i2
8
192
139
76
19:
636
-J17
Oovemment National Morti^are
Association;
21
U.S. Postal ^^rvlce:
Bonds
Tennessee Vollev Authority:
Bond.'?
1,356
Total Govemjnent Agency Securities
covered by survey
1. '!.;■''
l.'iS'^
4 "3
151
2''?
30P
265
-■■
Total
amount
outstand-
ing 1/7/
Held by
investors covered in Treasui^/ Survey
U.S. Govern-
ment ac-
counts and
Federal
Reserve
banks
' .49:^
comner-
cial
banks
2/
4o7
mutual
savings
banks
2/
Insurance
companies
486
savings
and loan
associa-
tions
447
corpo-
rations
State and local
governments
Held by
all
239
life
43- fire,
casualty .
and
marine
other
inves-
tors y
Type
313
general
funds
136 V^^-
sion and
retire-
laent funds
.Hanks for Coooeralives:
5.254
990
16,279
l,i'>.'!
125
1,855
1,252
30
146
3,519
117
U2
51
359
13
18
40?
1^'
47
13
91
223
lo-;-
'iY:
162
86
10
1
. : 1 .■
1''6
11.?
.911
Farm Credit Banks:
Farmers Honie Administration:
''■ 5
Federal Home Loan Banks:
171
Bonds
3,223
FHLMC Mtg. Backed Certificates a.id
Bonds 2/
823
Issues to State and Local
CkJVts. 7/9/
Total
18.53''
10,990
18,137
1,325
27,400
1.215
200
545
1.355
439
1,021
59
3,732
2,186
3,688
253
5,470
161
113
6-79
389
619
5C
1,275
119
100
27
59
28
94
15
2'-,Q
86
310
33
428
3
1,110
549
1,270
57
124
225
^47
31
410
11
503
507
521
159
1,009
41
54
452
12
329
1"
J.Jl'-i
Federal Interrediete Credit Banks:
federal L«nd Banks;
10,505
Federal National Mortiraee Association;
669
Debentures
U,117
7<3
Mtp. Backed Bonds
2
Issues to State and Local Govts. 7/.
-
Total
30.684
20
3,106
6,CC2
1,461
4
138
1
467
1
1,562
3
1,755
360
15,530
District of Columbia:
9
Total Govemnent fiponsored Agency
Securities covered in survey
89.618
- .823
13,388
3,704
753
1.274
4.332
l.-'OS
4 . 3=0
-.1-
4':,329
y
Securities issued by the Treasury and Government agencies that are
classified as debt under the new unified budget concept. For debt
subject to limitation, see Table FD-9.
Includes trust departoente.
Included with all other investors are those banks, insurance cotnpanieE,
savings and loan assoc Nations, corporations, and State and local
govemaent funds not report Ir^j^ in the Treasury Survey, Also Included
are certain Govemnent deposit accounts and Government -sponsored
agenc ies .
Data on the holdings of nonmarketable Public Debt were no longer
collected beginning with July 197A Treasury Survey of Ownership.
^ Tncladet Export-Import Bank and Government National Mortgage Associ-
ation participation certificates.
6/ Includes matured securities cwtstanding on which interest has ceased.
7/ Direct placetaents with State and local governments Titb various
interest rates and maturity dates.
3/ Includes securities issued for use as collateral for short-term
borrowings,
^ Ctoligation of the Federal Hoir>? loan ?tortgage Corporation, The capital
stock of the ■ ■ -age Corporation is held by the
twelve Feder:
* Less than %'; .
Ji/iic 19^7
.MARKET QUOTATIONS ON TREASURY SECURITIES, MAY 31, 1977,
73
Current market quotations shown here are over-the-
counter closing bid quotations in the New York market for
the last trading day of the month, as reported to the Treasury
by the Federal Reserve Bank of New York. The securities
listed include all regularly quoted public marketable secu-
rities issued by the United States Treasury. Securities
issued by Federal agencies and guaranteed by the United
States Government are excluded.
Table MQ-1. - Treasury Bills
Amcrunt outstandint^
{millions )
Issue
date
Bank discount
Amount
outstanding
(millions)
Issue
Bank
discount
26-week
13 -week
26-week
Maturity
date
Pid
Change from
date
Maturity
date
Change from
13-week
last month
52 -week
52-week
Bid
last month
$2,503
J3,50i-.
3/3/77
12/2/7ft
6/2/77
"■.lis
* '■7'S
2,302
3,404
3/10/77
12/9/76
6/9/77
'■.04
♦ ^,^1
2,110
3,202
3/17/77
12/16/76
6/16/77
4.98
■t.48
2,612
6/29/76
c/28/77
4.94;'-^
♦.42$
2,107
3.103
3/24/77
12/23/76
6/23/77
4.93
■•.44
2,977
7/27/76
7/26/77
4.99
♦.39
2,304
3,403
3/31/77
12/30/76
6/30/77
4.95
^.42
2,953
8/24/76
8/23/77
5.03
+ .28
2,504
3,503
4/7/77
1/6/77
7/7/77
M.'"
•.39
2,917
9/21/76
9/20/77
^.08
♦ .25
2,402
3 , 501
4/14/77
1/13/77
7/14/77
■; . 44
•.37
3,095
10/19/76
10/18/77
5.18
+ .17
2,402
3,503
4/21/77
1/20/77
7/21/77
4.97
+ .3S
3,402
11/15/76
11/15/77
5.20
+ .18
2,304
3,5%
4/28/77
1/27/77
7/28/77
4.99
♦.30
3,505
12/14/76
12/13/77
5.23
♦ .11
2,304
3,704
5/5/77
2/3/77
8/4/77
4.98
«.27
3,071
1/11/77
1/10/78
5.30
+ .13
2,204
3,699
5/12/77
2/10/77
8/11/77
5.00
♦.28
3,105
2/8/77
2/7/78
'. -fi
+ .16
2,104
3,603
5/19/77
2/17/77
8/18/77
■i.OO
♦ .28
3,208
3/8/77
3/7/78
5.40
+ .16
2,100
3,604
5/2i:,/77
2/24/77
8/2'i/77
■i.Ol
♦.29
3,342
4/5/77
4/4/78
5.43
♦.17
3.601
i/3/77
9/1/77
■i.03
+.28
2,968
5/3/77
5/2/78
5.44
+ .18
3,403
3/10/77
9/8/77
■5.04
♦.26
2,453
5/31/77
5/30/78
•■.42
3,103
3/17/77
9/15/77
^.06
♦.25
3,104
3/24/77
9/22/77
■i.lO
♦ .27
3,404
3/31/77
9/29/77
^.12
♦.28
3,503
4/7/77
10/6/77
5.14
♦.28
3,503
4/14/77
10/13/77
''.17
♦.29
3,406
4/21/77
10/20/77
M7
♦.25
3,300
4/28/77
10/27/77
"'.IS
+ .26
3,307
5/5/77
11/3/77
5.19
_
3,303
5/12/77
11/10/77
■•.20
_
3,203
5/19/77
11/17/77
5.21
_
3.201
5/26/77
11/25/77
5.23
_
3,101
e,/2/77
12/1/77
5.23
Table MQ-2. - Treasury Notes
(FT
ee decimals
are 32dE)
Ir
ice
Y
ield
Price ranj?e since first traded 1/
Amount
Issue
outstanding
Change
Charjge
High
Low
(millions )
Description
Bid
from last
To
maturity
from last
date
month
month
Price
Date
Price
Date
2,170
6-1/2%
6/30/77-J
100.01
-.05
5.95'?
+.72?;
6/30/75
101.00
12/3/76
97.00
9/16/75
1,516
7-1/2
7/31/77-K
100.09
-.10
5.65
+ .66
7/31/75
102.01
1/29/76
98.18
9/16/75
4,918
7-3/4
8/1 5/77- B
100.14
-.10
5.49
+ .44
8/15/70
114.00
3/22/71
97.04
8/26/74
2,021
8-1/4
8/31/77-L
100.20
-.13
5.57
♦.58
8/29/75
103.03
1/12/76
99.26
9/15/75
3,226
8-3/8
9/30/77-M
100.29
-.12
5.51
+ .34
9/30/75
103.11
1/12/76
100.03
9/17/75
3,156
7-1/2
10/31/77-N
100.25
-.11
^.53
♦.36
10/31/75
102.08
12/7/76
IOC, :•
■-'--'75
3,630
7-3/4
ll/15/77-E
101.00
-.10
5.47
♦.24
11/15/74
103.19
2/21/75
9f.
• :■ /75
2,628
6^5/8
11/30/77-Q
100.16
-.08
--. 59
♦.29
3/3/76
101.20
12/3/76
99.0c
-v',^7/76
2,765
7-1/4
12/31/77- P
100.28
-.12
5.70
♦ .39
12/31/75
102.12
12/3/76
100.02
5/27/76
2,511
6-3/8
1/31/78-J
100. 15
-.06
5.65
+ .18
2/2/76
101. 16
12/7/76
98.20
5/27/76
8,389
6-1/4
2/15/78-A
100.11
-.08
'.75
+ .27
2/15/71
106. 20
3/22/71
92.06
8/23/74
2,115
8
2/28/78-0
101.19
-.14
S79
+ .33
10/7/75
103.15
12/3/76
99.12
9/30/75
3,162
^3/4
3/31/78- K
100.25
-.09
+ .23
3/31/76
102.05
12/3/76
99.00
5/27/76
2,574
^1/2
4/30/78- L
100.18
-.11
'■ ,'^''
+ .31
5/17/76
101. 30
12/3/76
98.17
5/27/76
3,960
7-1/3
5/15/78-rJ
101.05
-.11
'■.■?6
+ .25
2/18/75
102.22
12/3/76
96.27
9/16/75
4,423
7-7/8
5/1 5/78- F
101.27
-.13
■^.Sn
+ .25
8/15/75
103.25
12/3/76
98.16
9/16/75
2,567
7-1/8
5/31/78-M
101.07
-.10
"■.■^5
+ .20
6/1/76
102.26
12/3/76
99.18
5/27/76
3,331
6^7/8
6/30/78-N
101.00
-.10
'i!91
♦.21
6/30/76
102.17
12/3/76
99.22
6/28/76
2,855
6-7/8
7/31/78- P
101.01
-.09
•■'.95
+ .18
7/21/76
102.18
12/3/76
99.29
7/21/76
5,155
7-5/8
8/15/78-E
101.28
-.11
5.99
+ .18
5/15/75
103.24
12/3/76
97.26
9/16/75
2,462
P-3/4
8/15/78-C
103.13
-.05
5.79
-.05
5/15/74
106.10
2/5/75
99.24
8/23/74
2,949
6-5/3
8/31/78-Q
100.24
-.08
s,qq
♦.16
8/31/76
102.06
12/3/76
99.28
8/20/76
3,195
6-1/4
9/30/78-R
100.10
-.06
♦.13
9/30/76
101.20
12/10/76
99.22
9/24/76
2,921
5-7/8
10/31/78-S
99.25
-.04
+ .10
11/1/76
101.01
12/10/76
99.13
2/2/77
8,207
6
11/15/78-B
99.30
-.04
+ .09
11/15/71
101.08
12/3/76
90.10
8/23/74
2,941
5-3/4
11/30/78-T
99.18
-.03
6.06
+ .0E
11/30/76
100.28
12/10/76
99.05
2/2/77
3,376
5-1/4
12/31/78-U
98.25
-.01
6.07
+ .06
12/31/76
99.27
12/27/76
98.07
2/2/77
2,517
2,855
4,692
8-1/8
5-7/S
n
12/31/7S-H
1/31/79- L
2/15/79-H
103.00
99.20
101.11
-.10
-.01
-.06
6.11
6.12
6.16
+ .10
+ .03
+ .07
10/22/75
2/3/77
2/17/76
105.08
100.09
103.09
12/3/76
4/14/77
12/2/76
100.07
99.08
98.23
10/15/75
2/2/77
3/4/76
2,845
3,519
1,992
2,269
2,083
5-7/?
6
5-7/8
7-7/8
6-1/8
2/28/79-M
3/31/79-N
4/30/79- P
, - 5/15/79-D
5/31/79-Q
99.18
99.24
99.17
103.00
99.29
-.01
-.02
-.01
-.12
6.14
6.15
6.14
6.22
6.18
+ .03
♦.04
+ .03
+ .13
2/2,'3/77
3/31/77
5/2/77
11/6/74
5/31/77
100.11
100.18
99.28
105.10
99.29
4/14/77
4/14/77
4/20/77
12/2/76
5/31/77
99.06
99.12
99.04
98.04
99.14
5/20/77
5/20/77
5/20/77
9/15/75
5/20/77
1,782
4,559
2,989
2,081
7-3/4
6-1/4
6-7/8
^1/2
6/30/79-E
8/15/79-A
8/1 5/79- J
9/30/79-F
103.00
100.03
101.06
104.26
-.10
-.03
-.06
-.02
':.19
6.20
6.29
I'.S''
♦.10
+ .04
+ .07
-.04
7/9/75
S/15/72
8/16/76
9/4/75
105.08
101.23
103.09
107.18
12/3/76
12/10/76
12/10/76
12/2/76
97.16
90.04
99.27
90.23
9/15/75
8/23/74
8/5/76
9/16/75
Footnotes at end of Table ^^Q-3.
74
.MARKET QUOTATIONS ON TREASURY SECURITIES. MAY 31, 1977,
Treasury Bulletin
Table MQ-2. - Treasury Notes— Continued
(Price declnalo are 32d8)
Description
rrlce
Yield
Issue
date
Price range el
nee first trade 1/
Amount
outstanding
Change
from last
month
To '^^^'*
"■"»^^^ Sn«
je
last
1
High
Low
(millions)
Bid
Price
Date
Price
Date
$3,376
e^i/4^
U/15/79-K
99.28
.00
6.31?
OQt
11A5/76
101.3"
I2/IOA6
99.05
.;/2/77
1/04
f-5/f
11A5A9-B
100.24
-.01
6.29
00
2A5/73
12/10/76
91.02
8/23/74
2,2a
7
11A5A'9-C
101.14
-.08
6.36
09
11A5A3
I2/IOA6
92.16
8/23/74
2,006
7-1/2
12/31/79-G
102.22
-.05
6.35
03
1/6/76
I2/2A6
99.14
5/27/76
4,608
(^1/2
2A5/8O-G
100.07
-.01
6.41
..12
4/4A7
99; 17
2/2/77
2,069
7-1/2
3/31/SO-C
5A5/8O-A
102.23
-.02
6.43
. -.04
12/2A6
99.11
5/27/76
7,26'i
6-7 '3
101.0"
-.01
^ . ' 2
] ■ /"':
103.12
12/10/76
91.16
8/23/74
2,185
7-5/8
6/30/80-D
10 -.J.)
- .-"' ■
■ 1:1 /lb
105.23
12/2/75
100.05
6/5/75
4,296
9
8/15/80-?
10". 04
- .y^
. ^^-i
j;
-■/ 15/74
110.05
I2A0A6
100.21
8/23/74
2,141
6-7/8
9/30/»-F
I'M . 30
■ .0-'.
' ■ '
05
3/31/75
103.19
12/2/76
99.24
9/9/76
2.692
5-7/8
12/3l/i»-f
97.22
-, ^\~
,,_,-
06
II/30A6
100.11
12/3/76
96.21
2/2/77
1,842
7
2/15/81-A
101.00
' . ")6
tV.tj?
05
2A5/74
103.28
11/26/75
91. U
8/23A4
4,796
7-3/8
2A5/81-C
102 .05
♦ !o'
6.7]
06
2A8A5
105.03
12/2/76
95.06
9A/75
2,809
6-7/8
3/31/31-H
100.21
• .07
6.63
07
3/8A7
101.23
4/U/77
99.02
2/25/77
2,020
7-3/8
5/15/81-D
102 .05
*.05
6 . "4
06
1/25A6
105.08
I2A2/75
98. U
5/27/76
2,501
6-3/4
-
100.04
.
'-..VI
_
6/3/77
100.04
5/31/77
99.29
5/26A7
2,586
7-5/8
_;.
103.00
* .O'j
' ."'?
06
n/'i/ib
106.10
12/2/75
100.00
7A/75
2,543
7
-
100.21
+ ,!>;i
•-.i?3
08
10/12/75
104.10
U/25/76
99.23
9/30A5
u.icn
7-3/4
-■-,
103.16
♦.04
6.33
05
11/15/74
106.30
12/2/75
96.12
9A6/75
2,697
6-1/8
-
97.0')
*.07
5.84
04
\/b/TJ
99.30
12/31/75
96.07
2/2/77
2, on
2, "47
7
8
: '-:■
i82:i?
* .0"^
6.8--
11
WM
101.25
103.04
4/U/77
12/3/76
99.31
97.01
5/20/77
9A6/75
2,918
3-1/8
. -i=
105.06
* . J.;
6.92
04
8/15/75
103.20
12/10/76
97.20
9A5/75
2,902
7-7/8
11,'^:, £2- C
104.04
-, .'.Ir?
6.95
05
11A7/75
107.20
12/3/76
98.12
12A0/75
7,958
8
2/i5/93-A
104.20
* .Ob
".X
05
i/Xl/lb
108.08
12/3/75
100.15
5/27A5
2,309
7
11A5/83-B
100.00
♦.15
7.00
09
IIA5A6
104.04
I2AO/75
98.24
2/2/77
8,436
7-1/4
2A5/84-A
100.20
+ .16
7.13
10
Z/i.^/-?!
101.25
4/UA7
99.21
5/11/77
5,219
7-7/8
5A5/8«vA
103.14
*.18
7.34
09
5A7/75
107.20
12/30/76
99.06
5/21/76
9,515
8
8/15/86-B
104.12
-.16
7.34
08
8A5/76
108.20
12/30/75
101.01
8/5/76
17
1-1/2
IOA/77-EO
98.02
*.14
7. .44 +.
06
lOA/72
98.02
5/31/77
80.15
10/31/72
15
1-1/2
4A/78-EA
95.26
*.24
6.74
42
4A/73
95.26
5/31/77
79.15
9/30/74
3
1-1/2
10 A/73- EO
93.08
+ .10
6.88 t
07
lOA/73
93.08
5/31/77
77.20
9/30/74
2
1-1/2
4A/7S^EA
91.06
+ .12
6.53
01
4A/74
91.06
5/31/77
75.12
9/30/74
1
1-1/2
IOA/79-EO
89.02
+ .12
6.53
01
10/1/74
39.02
5/31/77
73.04
10/31/74
2
1-1/2
4A/8O-EA
86.30
+ .12
6.63
01
4A/75
36.30
5/31/77
74.10
4/30/75
3
1-1/2
10/1/80-E0
34.24
+ .14
6.68
03
10/1/75
, 84.24
5/31/77
72.00
10AA5
1/1/2
4A/8I-EA
82.20
+ .12
6.71
02
4AA6
82.20
5/31/77
74.16
5/28A6
14
1-1/2
IOA/8I-K)
80.18
+ .12
6.75
01
lOA/76
82.18
5/31/77
75.20
lOA/76
1-1/2
4A/32-EA
78.18
+ .06
6.77 ♦
03
4A/77
■,■3.18
5/31/77
78.00
3/31/77
Footnotes at end of Table MO-3.
Table MQ-3. - Treasury Bonds
!i>r
oe decimals are 32d's)
Amount
ouV
?r
ice
Yield
Price range si
nee first traded 1/
Change
To first
Change
High
Lo»
Description
from
last
nionth
call or
matxirity
2/
from
last
month
date
(millions)
Bid
Price
Date
Pr
ice Date
*i:7?^
iV
2/15/80
11/15/80
''4.08
91.10
-.09
-.09
6.34?
5.34
♦.IS J
♦.16
103. 18
97.24
5A2/61
5/12/61
71
56
.04
.24
807
7
8/15/31
100.22
-.06
5.81
♦.45
110.02
11/15/71
"ii
2,702
5-3/8
2/15/82
98.04
.00
6.85
♦.01
2/1', .'72
101.14
3/9/72
8/28/74
1,297
3-1/4
6/15/78-83
83.04
+ .08
6.69
-.01
5/l,/53
111.23
8/4/54
5/26/70
1,058
4-1/4
5/15/75-85
83,10
+.07
7.02
-.02
4/15/50
105.28
5/' ■
.■'6/70
.17/74
2,353
6-3/8
8/15/84
96.20
+ .05
6.98
-.02
8/15/72
100.10
12/-
791
3-1/4
5/15/85
7R.1H
+ .18
5.78
-.07
6/3/58
101.04
6/11
.^5/70
1,216
6-1/8
11/15/86
93.62
-.24
7.15
•.12
11/15/71
100.20
11/5/71
9/29/74
3-1/2
2/15/90 2.
/ 73. U
♦1.08
6.62
-.16
2/U/58
106.25
4/21/58
5/26/70
1.247
8-1/4
5/15/90 i
/ 106.08
+.16
7.49
-.06
4/7/75
111.05
12/31/75
' '12/75
4-1/4
8/15/87-92 I
/ 75.02
•1.02
5.93
-.13
8/15/62
104.10
12/26/52
.'5/70
4
2/15/88-93 1
/ 73.26
♦1.02
6.73
-.13
l'17/63
100.11
1/16/63
1 ■ ' '25/70
627
6-3/4
2/15/93 I
/ 95,28
♦,U
7.19
-.05
1/10/73
99,22
V4/73
82
18 8/25/74
7-1/2
8/15/88-93 i
/ 100,00
♦.02
7.50
-.01
8/15/73
104. U
9/28/73
39
16 8/26/74
1,117
4-1/8
5/15/89-94 i
/ 74.04
•1.00
5.70
-.11
4/18/63
100.25
8/28/63
61
604
3
2/15/95 i
/ 73.26
•1.28
5.30
-.19
2/15/55
101.12
6A8/55
59
5/15/93-98 1
/ 97.04
-.20
7,27
+.05
5/15/73
99.?.^'
0 '.'S/7-1
84
2,1M
3-1/2
11/15/98 i
/ 73.24
♦1.24
5.62
-.17
10/3/60
9' '61
59
2,414
8-1/2
5/15/94-99 2
/ 107. U
♦.15
7.71
-.05
5/15/74
11: . . '75
97
2.771
7-7/8
2/15/95-00 1
/ 102.00
+.19
7.67
-.06
2/18/75
107.04
12/31/76
^^
2,265
8-3/8
8/l5/'95-00 1
/ 106. U
♦.U
7.71
-.04
8/15/75
.111.15
12/31/75
1
1,575
8
8/15/95-01 2
i 102.28
+.14
7.71
♦.04
8/16/76
108.10
12/31/76
,
2,221
8-1/4
5/15/00-05 2
/ 105.16
♦.U
7.7
5/15/75
110.24
12/3 IA6
95
P i
3,047
7-5/8
2/15/02-07 2
/ 99.02
+.20
7.".
2/15/77
100.10
4/U/77
97
1/ BeRinnlng April V^^"), prlcee are closing bid quotations In the over-
the-counter marJcet. Prleea for prior dates are the mean of closing
bid and ask quotations. "When issued" prices are Included In the
history beerlnnlnc October 1941. Dates of highs and lews In case of
recurreiues ore the latest dates.
2/ On callable Issues market convention treats the yields to earliest
call date as more significant when an Issue is selling above par,
and to maturity when It Is selling at par or below.
^ Included In the average yield of long term taxable Treasury bonds
as shown under "Average yields of Long-Term Bonds."
J/nu'19^7
75
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76
Treasury Bulletin
AVERAGE YIELDS OF LONG -TERM BONDS.
Table AY-1. - Average Yields of Long-Term Treasury. Corporate and Municipal Bonds by Periods
Treasury
bonds 1/
Aa now
corporate
bonds 2/
S. I. A.
new Au
nunicipal
bonds y
Treasury
bonds 1/
Aa new
corporate
bonds 2/
S. I. A.
new Aa
municipal
bonds y
Treasury
bonds 1/
Aa now
corporate
bonda 2/
£, I. A,
new Aa
mnicipal
bonds 2/
Treasury
bonds 1/
Aa new
corporate
bonds 2/
S. I. A.
new Aa
raunlc ipal
bonds y
Monthly series - averages oP daily or weekly series
Jan.
Fob.
K&r.
Apr.
May.
June.
J«ly,
Aug..
Sept.
Oct..
Mov.,
Dec..
Jan. .
Feb..
Mar..
Apr. .
May..
Jiuie.
July.
Aug..
Sept.
Oct..
Nov..
Dec. .
Jan. .
Feb..
Mar..
Apr. .
May..
Jiine.
July.
Aug..
Sept.
Oct..
Nov..
Dec.
5 . ''•0
6.06
5 . v.;
:>,F6
6,05
6.27
6.52
6.81
24 1/
07
56
46 Ij
'!.7/-'
V.J 3
1.1b
l.'il.
7.62
t'.OS
f.:i6
1Q71
7.6::
7.5i
7.62
7.76
8.25
8.15
8.2i
8.14
7.90
1.12
7.67
5. it'
5.10
5.00
5.11
5.80
5.89
5.96
5.62
5.20
4.87
4.92
5.02
5.62
5.67
5.66
5.7/.
5.6/.
5.50
5.5«i/
5.5a
5.70
5.6Q
197i
7.:<6
7.57
7.5-i
7. 7V
7.61
7.6;
7.72
7.59
7.72
7.69
7.7-
1974
6.68 Ij
66
IJ 4,'
28
1"77
7.96
6.32
5.33
5.36
tonJr 1/
corporate
bonds 2/
S. T. A.
new Aa
municipal
bonds i/
?rea3\iry
bonds 1/
Aa new
corporate
bonds Z/
new Aa
raunicip:?!
bonds 3/
. reasur-y
^onds 1/
A^ ne*
Cijrpor'i
b . ■ '
r -mi:;ipal
Weekly series - average for weeks ending -
lt>76.
Dec. ■>
6.43
8.00
5.60
Feb. 4
7.15
8.10
n.a.
Apr. 1
".l"
8.35
5.55
10
6.37
7.90
5.40
11
7.16 Ij
8.13
5.39
8
7.18
8.31
5.62
17
6.40
7.94
5.42
18
7.13
8.21
5.38
15
7.11
r. .s.
24
6.39
7.91
5.23
25
7.17
8.27
5.48
22
- ^,.-
31
6.37
7.74
n.a.
29
-. T
1977
Jan. 7
14
21
28
6.42
6.62
6.72
6.88
7.69
7.99
8.09
8.09
n.a.
5.38
5.75
5.4?
Mar. 4
11
18
.:>5
7.20
7.22
7.20
7.19
8.29
8.31
8.34
8.37
5.70
5.40
Hay 6
13
20
27
7.20
7.21
7.17
7.12
8.41
6.42
8.38
8.32
5.28
n.a.
5.42
5.45
\J Treasury bond yields are based on a composite of closing bid quotations
in the over-the-counter taarket. Series includes bonds on which the
interest incotue is subject to normal tax and surtax which are neither
due nor callable before 10 years. For bonds currently in series, see
Table UQ-3.
Z/ Treasury series based on reofferlng yields of new corporate bonda with
5 years call protection and rated Aa by Moody's Investors Service.
Prior to June 1973, this series reflected bonds without call protec-
y
tion. The value of 5 years call protection in that period ranged from
10 to 25 basis points.
Index of new issue reoffering yields on Aa 20 year general obligations
compiled by Securities Industry Association, Weeidy series are not
available prior to January 1970.
One or more new long-term bonds added to the average.
An existing bond dropped from the average.
Not available.
June 1977
77
.AVERAGE YIELDS OF LONG-TERM BONDS.
O
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78
Treasury Bulletin
.INTERNATIONAL FINANCIAL STATISTICS.
Till' Lalilo;i in ttilj section are disijjned to provi'iu data
on Unito.l Stuten reserve asui-'ts and llabilitii.'S and other
statistics relatuil to tlie United .'States balance of payments
and international financial position. A number of changes
were Introduced in the May 1367 and July 177 .J issues of the
Bulletin to increase the usefulness of this section.
Table IFS-1 shows the reserve assets of the United States,
including its golJ stocK, special drawing rights held in th=
Special Drawing Accolmt in th2 International Monetary Fund,
holdings of convertible foreign currencies, and reserve po-
sition in the International Monetary Fund.
Table IFS-2 brings together statistics on liabilities
to foreign official institutions, and liquid liabilities to
all other foreigners, which are used in the United States
oalance-of-payments statistics.
Table IFS-3 presents an area breakdown of United States
liabilities to off Icial institutions of foreign countries.
Table IFS-4 shows United States Treasury nonmarketable
bonds and notes issued to official institutions of foreign
countries.
Table IFS-5 sets forth the factors which affect the
United States position in the International Monetary Fund.
Table IFS-6 presents a measure of weighted-average
changes in exchange rates between the United States dollar
and the currencies of certain other countries.
Table IFS-1. - U.S. Reserve Assets
(In millions 3f dollarG :
End of
Total
reser/o
Gold Ktook 1/
Special
drawing
rights y
Convertible
foreign
currencies i^
Reserve
calendar year
or month
Total 2/
Treasury
International
Monetary Fund ^
(1)
(2)
(3)
W
(5)
(6)
1957
2:.,f-i2
22,857
22,781
_
_
1, -,'?■"
1958
22,540
20,582
20,534
-
-
1,958
1959
21,504
19,507
19,456
-
-
1,997
1960
19,359
17,?",-.
17,767
-
-
1,555
1961
18,753
16,889
-
116
1,690
1962
J.7,220
15,978
-
99
1,064
1%3
16,843
■ -
15,513
-
212
1,035
1964
16,672
15,471
15,388
-
432
769
1965
15,450
13,806 y
13,733 6/
-
781
863 y
1966
H,Pfl2
13,235
13,159
-
1,321
326
1%7
u,e30
12,065
11,982
-
2,345
420
1968
l':,710
10,892
10,357
-
3,528
1,290
1969 .•
lf',*4 2/
11,859
10,367
-
2,781 2/
2,324
1970
1 .; , ^f^'
11,072
- 10,732
,-' ' 1
629
1,935
1971
i",io7 e/
10,206
10,132
1,1'«
276 i/
585
1972
15,151 _2/
10,487 2/
10,410 3/
1,958 i/
241
465 2/
1973
14,378 12/
11,652 Ifl/
11,567 Ifl/
2,166 10/
8
552 12/
1974
15,883
11,652
11,652
2,374
5
1,852
1975
16,226
11.599
11,599
2,335
80
2,212
1976
18,747 11/
11,598
11,598
2,395 11/
320
4,434 11/
1976- iJby
17,958 11/
11,598
11,598
2,309 11/
938
3,U3 11/
18,477 11/
18,246 11/
2,316 UJ
2,318 11/
1,365
864
3,198 11/
3,466 H/
July
11,59?
11,598
Aug
18,586 11/
11, '.'J-
11,598
2,325 11/
845
3,818 11/
Sept
18,945 U/
U,5*'
U,598
2,357 11/
1,038
3,952 H/
Oct
19,013 11/
19,416 11/
18,747 U/
19,087 11/
19,122 11/
19,120r 11/
18,968 11/
19,195 11/
11,5*-
11,50^-
11, e;-
ll,r,j-
ll,f5c
11,598
11,598
11. 5Q?
11.--'
11,, ;,
11,- -
11,620
2,352 U/
2,365 11/
2,395 11/
2,375 U/
2. 383 11/
2,389rXL/
2.384 11/
2,470 11/
1,066
1,146
320
372
262
261
106
95
3,997 U/
4,307 1V
Nov
Dec
4,434 U/
1977-Jan
Feb
4,632 U/
Mar
4,819 11/
Apr .■.■:.■;;;:
May
4,812 11/
4,72011/
4.°72 11/
1/
1/
y
2/
SJ
Includes gold sold to the United States by the Int.; ;.,.i i,-^.... . :.._,._ :_ar>'
Fund with the right of repurchase, and gold deposited by the Interna-
tional ?4onetary Fund to nitlgate the impact on the U.S, gold stock of
foreign purchases for the purpose of making gold subscriptions to the
Fund under quota increases. For corresponding liabilities see Table
IFS-2.
Includes gold held by the Exchange Stabilization Fund (ESF). gg^
"Account of the U.S. Treasury," Table UST-3.
Includes initial allocation on January 1, 1970 of $867 million, second
allocation on January 1, 1971 of $717 million and third allocation
on January 1, 1972 of $710 million of special drawing rights (SDHl
In the Special Drawing Account in the International Itonetary Fund,
plus or minus transactions in SDR.
Includes holdings of Treasury and. Federal Reserve System.
The United States has the right to purchase foreign currencies equiva-
lent to its reserve position in the .'^lnd automatically if needed.
Under appropriate conditions the United States could purchase addi-
tional amounts related to the United States quota. See Table IFS-5.
Reserve position Includes, and gold stock excludes, $259 million gold
subscription to the Fund In June 1965 for a U.S. quota increase which
became effective on February 23, 1%6. In figure:- published by the
Fund from June 1965 through January 1966, this gold subscription was
included in the U.S. gold stock and excluded from the reserve posi-
tion.
Includes gain of $67 nllllon resulting from revaluation of the Ger-
man mark in October 1969, of which $13 million represents gain on
German mark holdings at the time of revaluation. See also footnotes
3 and 4, Table IFS-4.
Includes $28 million increase in dollar value of foreign currencies
revalued to reflect market exchange rates as of December 31, 1971.
■" 'i.otes 3 and 5, Table IFS-4,
^ Total reserve assets include increase of $1,016 million resulting from
-hange in par value of the U.S. dollar in May 1972, consisting of
$828 million total gold stock, $822 million Treasury gold stock, $155
million special drawing rights and $33 million reserve position in
the International Itonetary Fund,
10/ Total reserve assets include increase of $1,436 million resulting from
change in par value of the dollar on October 18, 1973, consisting of
$1,165 million total gold stock, $1,157 million Treasury gold stock,
$217 million special drawing rights, and $54 million reserve position
in the International Monetary Fund.
11/ Beginning July 1974, the UIF adopted a technique for valuing the SDR
' - ■-'■=- -.re of exchange rates for the currencies of
Jnited States SDR holdings and reserve
.-D valued on this basis beginning July
•o Jul}- 1974 (SDR 1=$1. 20635), the
Toonted to (in millions of dollars):
17~.;. A*. val^i'Lic:
following end-of-mc:
SDR holdiT,
(net)
1Q7ID- May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1977-Jan.
Feb.
Mar.
Apr.
May
r Revised.
2,438
2,«8
2,438
2,438
2,457
2,457
2,481
2,487
2,487
2,487
2,487
2,475
2,565
reserve position
In the IMF
3,246
3,318
3,583
3,922
4,034
4,087
4, as
4,495
4,783r
4,<»4r
4,885r
4,7eOr
5,055
U.S. total
reserves
18,220
18,719
18,483
18,803
19,127
19,208
19,640
18,900
I9,300r 11/
19.311r 11/
19.291r TI/
19,019r 11/
19.373 11/
J/n/e 19^7
79
.INTERNATIONAL FINANCIAL STATISTICS
End of
calendar
year or
month
Table IFS-2. - U.S. Liabilities to Foreign Official Institutions
and Liquid Liabilities to All Other Foreigners
( In millinny of doila
CD
Liquid
liabilities
to IMF
arising from
L'old trans-
actions 1/
Liabilities to lor-;
5l institutions 2/
Shorts
term
liabil -
ities
reported
by bants
in U.S.
(A)
ii1arke1>
able U.S.
Treasury
bonds
and
notes 2/
(5)
Nonmarket-
able U.S.
Treasury
bonds and
ncites ii/
Other
readily
market-
able
liabil-
ities
5/
(7)
Liquid
liabil-
ities
to
banl:s
(8)
Liquid liabilities
to other forei.Tiers
Shorts
term
liabil-
ities
reported
by banicG
in U.S.
^•^n^
Marke-U
able U.S
Gov't,
bonds
and notes
1/2/
(11)
liquid
liabilities
to nonmone-
tary in-
ternation-
al and re-
gional or-
ganizations
1957
1958
1959
1960 M/
1961 10/
1962 10/
1963 10/
196* 10/
1965
1956 10/
1967 10/
1968 10/
1969 10/
1970 10/
1971 10/ 12/,
1972
1973
1974 10/
1975
1976'
1975-Apr
May. . . .
June . . .
July...
Aug
Sept.. .
Oct
Nov.. . .
Dec
lQ77^an
Feb
Mar. p..
Apr, p. .
1''
IL.
I'-'
"'45
-'/
2(1
■Kli,
21
027
{i
82
, 92
119
119
' 126
151
136
139
135
139
13s
lAO
143
151
M7
149
151
157
2<,-;
364
U4
rii'i
2i")n
2110
500
800
■^00
p.no
aoo
800
755 11/
914
009
960
.)81
803
861
490 ly
552r
329r
670
005r
214r
176r
76 3r
828r
706r
6"gr
?:2or
012
009
«J8
028
1.011
1,011
i.o:!3
1,033
1,030
1,030
1,019
1,019
556
565
'•44
n.a.
10,120
11,073
11,083
11,830
11,830
12,-143
12,' 114
U,4''''
U.425
15,7'JO
15.73t.
U,S40
14 ^'^
13,201
13 , l'J4
17,407
17,340
15,975
15,998
23,73o
23,775
51 2:"*^-"'
5o',_,sl
V,'17
8 t-,(-,5
9)154
10,212
10,212
10, 'MO
10,940
11, '397
11, '353
12,467
12,4d7
13,224
13.220
13,06o
12,434
12,5 3'3
14,034
14 , 027
11,318
11,31s
11/11,054
11,077
19,33S
19,333
10 , ,-,70
i",018
61,525 40,000
66.861 12/43,923
76.801
76,823
S0,712r
91,900r
84,302r
85,701r
85,209r
85,949r
86,750r
85,099r
85,879r
B7,793r
c'l , QOOr
°3,045
93,859
'36,55:<
Qo , 502
_L-
53,057
53,079
4^.5.30r
53,528r
50,57er
51,630r
50,056r
50,513r
51,273r
49,571r
49,071r
4a,323r
5?,528r
54,515
54,796
■15.040
57,52Q
356
376
330
3'JO
751
751
1,217
1,13 3
1,12'i
1,125
l.l'IS
SfjO
3(-jT
345
346
t'jb
29 5
1,'''^5
5,236
5,701
5,059
5,059
6,671
11,738
8,245
8,508
9,225
9,519
9.835
10,800
11,027
11,357
11,788
12,017
12,725
1'.548
14,470
V
2/
2/
5/
200
200
766
765
1,233
1,233
1,534
53!
533
1 ' 52
1^452
3,219
3,219
3,070 11/
3,070
3,452
3,452
3.4a
15,747
15, 564 12/
16,339
16, 339
19,976
20,648
20,151
20,151
20,251
20,151
10,801
19,803
20,876
21,131
20,648
20,b22
20,496
21,106
20,976
158
158
913
913
1,307
1,307
2,341
2,341
1,505
1,505
6" 5
595
144
U4
543
1,673
2,346
2,346
4:
5
535
,936
5,328
5,412
5,677
5,755
5,841r
5,e25r
5,905r
5,972r
5,o'!5
5,eol
5,842
5,859
6,527
3,472
3,520
4,578
4,313
4,313
5,404
5,484
5,346
5,346
5,317
5,817
7,271
7,303
7,419
10,115
9,936
11,209
11,085
14,472
14,472
23,638
23,645
17,137
17,169
10,262
10,049
14,666
17,504
30,314
30,106
29,516
37,377r
35,204
36,365r
32,640r
34,751r
32,851r
34,539r
36,888r
35,332r
'7,^77r
3 3,510
1^088
■2,874
35,378
2, '940
2,773
2,871
2,373
3,013
3,013
3,397
3,387
3,730
3,753
4,059
4,271
4,272
4,585
4,678
5,053
4,90Q
4,464
4,589
4,676
4,604
4,138
4, Ml
5,043
5,932
8,803
3,912
10^701r
13,559
ll,490r
ll,277r
ll,418r
ll,732r
12,107r
12,32Sr
12,318r
1^282
13,569
13,438
14,077
14 , 375
14,440
2,252
2 , 4 30
2.399
2,230
355
357
2,555
2,555
3.045
3,046
3,354
3,377
3,743
3,744
4,127
4,120
4,444
4,444
3,939
4,064
4,029
4,039
3,691
3,004
4,618
5.502
3,305
8,414
10,000r
12,592
10,726r
10,531r
10,617r
10,901r
ll,lQ6r
ll,457r
11, 391 r
12,312
12,592
12,441
13,056
12,993
12,886
515
515
448
448
351
341
376
376
472
558
558
5i>l
465
525
525
647
555
447
447
498
498
701
977
764
746
801
831
911
871
027
070
077
997
1,021
1,382
1,554
1,047
1,190
1,525
1,541
1.948
1,949
2,151
2,195
1,950
1,955
1,722
1,722
1,431
906
'305
601
677
725
722
659
663
344
846
1,528
1,523
1,525
2,003
3,322
3,322
5,623r
8,483
5,674
5,662
5,947
5,744r
7,055r
7,752
7,621r
8,2)1
8,483
7,919
7,085
8,106
7,708
Note; Table is based on Treasuiy Department data and on data reported 7/
to the Treasury Department by banks and brokers in the United States.
Data correspond generally to statistics following in this section and 3/
in the "Capital Movements" section, except for the exclusion of
nonmarketable, nonconvertible U.S. Treasury notes issued to foreign 9/
official nonreserve agencies and the inclusion of investments t^
foreign official reserve agencies in debt se':;urities of U.S. Fed- 10/
erallY-SDonsored agencies and U.S. corporations. Table excludes
International Monetary Fund "holdings of dollars." and holdings of
U.S. Treasury letters of credit and nonnegotiable noninterest-bearing
special U.S, notes held by other international and regional organ- 11/
isations.
Includes liability on gold deposited by the International Monetary
Fund to mitigate the impact on the U.S. gold stock of foreign pur- 12/
chases for gold subscriptions to the Fund under quota increases,
and U.S. Goverrjoent obligations at cost value and funds awaiting
investment obtained from proceeds of sales of gold by the Inter-
national Monetary Fund to the United States to acquire income- earning
assets.
Includes Bank for International Settlements and European Fund.
Derived by applying reported transactions to benchmark data; break-
down of transactions by type of holder estimated 1950-1953. 13/
Excludes notes issued to foreign official nonreserve agencies.
Includes long-term liabilities reported by banks in the United
States and debt securities of U.S. Federally-sponsored agencies
and U.S. corporations. n.a.
Includes short-term liabilities payable in dollars to foreign banks, p
and short-term liabilities payable in foreign c<arrencies to foreign
banks and to "other foreigners."
Includes marketable U.S. Government bonds and notes hel-i by foreign
banks.
Principally tiie International Bank for Reconstruction and Development.
the Inter- American Development Bank and the Asian Development Bank,
Includes total foreign holdings of U.S. Government bonds and notes,
for which breakdowri by type of holder is not available.
Data on the two lines shcsvn for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Includes $101 million increase in dollar value of foreign currency
liabilities resulting from revaluation of the German mark in October
1959, as follcws: liquid $17 million; other $84 million.
Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions"
are included with "banks"; a number of reporting banks are included
in the series for the first time; and foreign currency liabilities
to official institutions of foreign countries are increased in value
by $110 million .to reflect market exchange rates as of December 31,
1971, as follows: U.S. Treasury certificates, $7 milli-in; nonirarket-
able U.S. Treasury bonds and notes, $103 million.
Includes $162 million increase in dollar value of ! ■ -y
liabilities to official institutions of foreign cou:.-..i -.-. i-j.:.- ued to
reflect market exchange rates, as follows: short- terra liabilities,
$15 million; and nonmarketable K^.S. Treasury notes, $147 million.
Not available. r Revised,
Preliminary.
80
Treasury Bulletin
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-3. - U.S. Liabilities to Official Institutions of Foreign Countries, by Area
(In nvIllionG or 'iollnroi
calendar year
or month
countrtea
<X)
(2)
(3)
Utln
American
RijpublicB
(5)
(6)
Other
countrie
1/
(7)
196/. .
1965
1960 2/
1967
1968 y. . . .
1969 i/. . . .
1^)70 i/
1971 y y.
1972
1973
1974 y.
1975.
1976
1976- Apr..
Uay..
June.
July.
Aug..
Sept.
Oct..
Hot..
Dec,
1977-Jan. , .
Feb. .,
Uar.p.
Apr. p.
15,786
15,825
U,''/,0
13,19/.
17,/i07
17,340
15,975 a/
15;998 2/
23,796
21,775
50, '51
61,526
66.361 6/
76,301
7f , 523
?n,-'l.-'r
"1 . • ■ r
84,30.^r
85,701r
85,209r
85,949r
86,750r
86,099r
86,879r
87,793r
91,900r
93,045
93,858
96,553
99,502
^
8,508
9,325
8,826
7,771
7,771
10,321
8,070
3,062
7,074
7,074
13,620
131615
30,010
30,134
34,197
45,764 y
44,328
44,328
45,701r
45,855
43,606r
43,268r
42,449r
42,342r
41,535r
41,582r
41,942r
4ii,076
45.;."7
'•' . '
48,77C
1,'.M"
1,812
1,702
1,333
1,333
1.310
1,867
1,366
2,951
2,951
3,980
3,980
4,279
3,853
3,662
3,662
3,132
3,406
3,600
3,590
3,578
3,410
3,212
3,417
3,389
2,406
2.844
2,684
2,752
1,058
1,283
1,550
1,310
1,310
1,582
1,365
1,365
1,888
1,911
1,681
i;681
1,414
1,429
1,733
2,544
4,419
4,419
4,448
4,853
3,852
3,827
4,104
4,000
4,378
4,286
4,090
4,086
4,853
4, 541
4,525
4,826
4,396
2,740
3,028
3,309
3,900
3;955
4,428
5,043
4,997
4,552
2; 552
41708
M,519
13,823
17, 577
10,887
18,604
18,626
22,551
34,112
34,i;2
35,561
36,458
37,455
39,611
154
160
194
278
278
250
259
248
m
407
407
415
415
3,161
3,161
2.983
l,S93r
2,305
3,141
2,759
2,464r
l,975r
l,893r
1,757
i;770
1,679
1,934
176
178
245
248
243
303
303
302
291
291
a^
871
870
2,963
3,025
2,627
2,627
1,897
1,781
1,774
l,776r
l,'->00
2,065
1,^6
l,623r
l,558r
l,3i;5r
1,731
2.062
2,152
1,982
2,039
Note: Data represent short-term and long-tenn liabilities to the offi-
cial institutions of foreign countries, as reported by banks in the
United States; foreign official holdings of marketable and noninarket^ ^
able U.S. Government securities with an original maturity of more
than one year except for nonmarketable notes issued to foreign offi- ^
del nonreserve agencies; and investments by foreign official reserve
agencies in debt securities of U.S. Federally-sponsored agencies and
U.S. corijorations.
i/ Includes Bank for International Settlements and European Fund.
2/ Includes countries In Oceania , Eastern Europe and We'stern European
dependencies in Latin America,
2' ' ' *he two lines shewn for this date differ because of changes in 6/
■ : coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Includes $101 million increase in dollar value of foreign currency
liabilities due to revaluation of the German mark in October 1969,
Data on the second line differ from those on the first line because
certain accoxmts previously classified as "official institutions" are
included with "banks"; a number of reporting banks are included in the
series for the first time; and U,S. Treasury liabilities payable in
foreign currencies to official institutions of foreign countries, are
increased in value ty $110 million to reflect market exchange rates
as of December 31, 1971,
Includes $162 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchar.pe rates.
Preliminary. ^ Revised.
///;/(' /977
81
.INTERNATIONAL FINANCIAL STATISTICS.
End of
calendar
year of
month
Table IFS-4. - Nonmarketable U.S. Treasury Bonds and Notes
Issued to Official Institutions of Foreign Countries
( In millions of dollars or dollar O'^uivalent)
1962
1953
1954
1965
1965
1957
1958
1959
1970
1971
1972
1973
1974
1975
1976
1976- May.,
June,
July,
Aug. ,
Sept,
Oct..
Nov. ,
Dec,
1977- Jan. .
Feb..
Mar..
Apr. .
May. ,
(1)
1.-mO
1.592
l.S,;, !
5,1,S1 a,,'
3,56':
3,657 5/'
15,872
15,569 6/'
16,331
19,97c.
20 , U4 -
20,151
20,251
20,151
19, ,801
19, ,80!
20,876
21, HI
20,b22
20,4%
21 , lO.j
20 , 'J'/'-.r
20,950
Payable in dollars
163
354
484
35 i
516
1,592
1,431
2.4S0
7,82 3
14,333
14,210
14,867
13,377
lo,lu2
18,552
18,652
18,552
18,202
13,204
19,277
19,552
19,102
19,102
19.002
19,D45
19,--42r
19,^42
32
32
32
20
(^aiiada
1,'
299
144
314
1,334
1,129
2,. •'89
2,640
2,840
2,540
2,540
2,100
1.650
2,, '75
2,375
2, .'75
1,925
1 . 125
1,925
1,.800
1,650
1,650
1,550
1,550
1,^50
1,5 50
(5)
.
160
-
184
-
177
-
1,6
-
135
_
25
5,000
22
11,315
5?
11,570
_
12,327
_
16,277
_
16,87°
-
16,277
_
16,277
-
15,277
_
15,277
_
15,279
_
15,779
-
17,179
-
16,879
-
16,879
_
16,879
-
17,522
lV.419r
-
17,419
-
Italy
(7)
15
15
15
15
15
Sweden
(9)
land
573
573
57-:
Taiwan
(11)
20
100
20
100
20
100
20
100
20
100
Thailand
(12)
Payable
in foreign currencies
End of
calendar
year or
month
Total
(13)
Austria
(14)
Belgium
(15)
Germany
1/
(16)
Italy
(17)
Switzerland
(18)
Bank for
International
Settlements
(19)
1962
1963
1964
1955
1956
1957
251
730
1,086
1,.908
342
1,047
1,538
1,750 i/
1,08'
1,827 %'
1,539
1,459 b/
1,^72
1,5 99
1,546
1,599
1,599
1,599
1,599
1,599
1,599
1,579
1,546
1,520
1,494
1,461
1,434
1,408
50
50
101
25
512
30
30
30
30
50
,^75
679
602
50
601
1,051
1,084 i/
542
512
306
200
200
125
125
125
225
125
51
175
257
257
111
211
311
541
541
1,215
1,233
1,459
1,472
1,599
1,545
1,599
1,599
1,599
1,599
1,599
1,599
1,579
1,546
1,520
1,494
1,451
1,434
1,408
70
93
1958
1969
-
1970 •
1971
-
1972
-
1973
-
1974
-
1975
-
1975
-
197o-May
June
July
-
Aug
_
Sept
_
Oct
Nov
-
Dec
_
1977-Jan
.
Feb
_
Mar
_
-
May.
-
Note: For further information, see "Public Debt Operations," Tables
PDO-8 and 9.
1/ Includes bonds issued to the G-overnraent of Canada in connection with
transactions under the Columbia River treaty. Amounts outstanding
were $204 million, September 196^ through October 1965; $175 inillion,
November 1965 through October 1966; $144 million, November 1966
through October 1967; $11^ million, November 1967 through October
1968; $84 million, November 1968 through September 1969; $54 million,
October 1969 through September 1970; and $24 million, October 1970
through October 1971.
2/ Notes issued to the Government of Italy in connection with military
purchases in the United States.
2/ In addition, nonmarketable Treasury notes amounting to $125 million
equivalent were held by a group of German commercial banks from June
1968 through November 1972. The dollar value of these notes was
increased by $10 million in October 1969, and by $18 million as of
December 31, 1971. See also footnotes 7 and 8, Table IFS-1.
ij Includes an increase in dollar value of $84 million resulting from
revaluation of the German mark in October 1969. See also footnote 7,
Table IFS-1.
^ Includes $106 million increase in dollar value of foreign currency
obligations revalued to reflect market exchange rates as of December
31, 1971. See also footnote 8, Table IFS-1.
6/ Includes $15 million increase in March and $147 million increase in
April in dollar value of foreign currency obligations revalued to
reflect market exchange rates. r Revised.
82
Treasury Bulletin
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-5. - U.S. Position in the International Monetary Fund
(In
raiiliL>ns
Transactions affecting IMF ho
during period
lars
IMF holdings
of dollars at
end of period
U.S.
U.S. transactions
with IMF
Transactions by
other ccunti-I'-
with IMF
(8)
reserve
position
in IMF
at end of
Calendar year
or month
Pay-
ments of
sub-
scr '. p-
tion In
Net
gold
sales
by IMF
,i/ (2)
Net
borrow-
ings by
IMF 2/
(3)
Traoe-
actions
In
foreign
curren-
cies 3/(4
IMF net
income
in
dollirs
1 (5)
Ajrount
(9)
Percent
of
U.S.
quota
(10)
Purchases
of
dollars ^'
(6)
Hepur-
In
period
5/
<11)
19^6-58
2,063
1,031
776
1,155
541 S/
754 S/
oOO
150
22
712 2/
10
9
1
99
21
392
15:'
525
435
680
-84
150
1,362
200
-133
-47
2
11
16
17
16
18
12
15
20
20
19
25
-28
-47
-33
-59
-219
-572
-127
-15
-6
-146
-28
-8
-133
-6
-132
-1
-137
-2,922
-139
-149
-822
-110
-194
-282
-282
-159
-114
-806
-1,343
-854
-24
-1,073
-442
-2,078
-429
-140
-280
-233
-111
-56
-285
-109
-513
-47
-213
l,o-'-
5.'i
71"
207
5
1
74 J
4':
195
426
74
20
40
25
10
90
35
133
56
4
113
75
J- ■
i,.'.i:-
-94
-870
-1 , :: '■■'.
1, ■•'-•
7.:i
-1,265
-466
-2,214
-556
-72
-265
-339
-112
-54
-328
-80
104
-121
20
105
-122
792
2,128
2,570
2,435
3,061
3,090
3,356
3,521
4,834
4,740
3,870
2,836
4,765
6,115
6,810
7,531
6,265
5,800
3,587
4,836 2/
4,764 2/
4,500 2/
4,161 2/
4,049 2/
3,996 2/
3,668 9/
3,587 J''
3,691 V
3,570 2/
3,590 2/
3,695 2/
3,573 2/
29
52
62
59
74
75
81
85
94
92
75
55
71
91
94
93
78
72
44
60
59
56
51
50
49
45
44
46
44
44
46
44
1,958
1,997
iq59
I960
1,690
1,064
1,035
769
863 6/
326
1061
1962
1963
196j;
1965
1966
1967
1968
1969
1970 ,
1971
465
1972
1973
1,852
1975
4,434
1076
1976- Ifey
3,113
3,466
Aug
3,818
3,952
Oct
3,997
Nov
4,307
Dec
4,434
4,682 10/
4,819 10/
4,812 10/
4,720 10/
4,972 10/
May
Note: The initial U.S. quota in the International Monetary Fund was
$2,750 million. The U.S. quota was increased to $4,125 million in
1959, $5,160 million in February 1966, and $6,700 million in December
1970, and revalued to $7,274 million in May 1972 and $8,083 million
in October 1973 as a result of changes in the par value of the dollar.
Under the Articles of Agreement, subscription payments equal to the
quota have been "■" **^- '■"■■ -^f-ent in gold and 75 percent in dollars.
1/ Represents net :■ -.. .^ -old to acquire U.S. dollars for use in
Fund operations. rj?lude trqnsactlons in gold relating to
gold deposits or . - . .. ~ ible IFS-2).
g/ Represents net 1 >'r the General Arrangements
to Borrow.
2/ Positive figures represent piiT-.'.i^eG from the Fund of currencies of
other members for equivalent amounts of dollars; negative figures
represent repurchases of dollars, including dollars derived from
charges on purchases and from other net dollar income of the Fund,
The United States has a commitment to repurchase within 3-5 years,
but only t6 the extent that the Fund's holdlnga of dollars exceed
75 percent of the U.S. quota. Purchases of dollars by other
countries reduce the U.S. cornmitment to repurchase by an equivalent
amount.
4/ Beginning January 1970, includes dollars obtained by countries other
*,■ in rr.f United States from sales of gold to the Fund.
5^' *he United States gold tranche position in the Fund (the
■■■s quota, plus net U.S. loans to the IMF, minus Fund's
1. i j.i.> -. -i dollars), which is the amount that the United States could
purchase in foreign currencies automatically if needed. Under
appropriate conditions, the United States could purchase additional
aiDoxints related to the United States quota.
6/
2/
8/
2/
Includes $259 million gold subscription to the Fund in June 1965 for
a U.S. quota increase which became effective on February 23, 1966.
In figures published by the Fund from June 1965 through January 1966,
this gold subscription was ir.?V.;^ed in the U.S. gold stock and
excluded from the reserve p
Includes $30 million of spe - rights.
Represents amount payable ii. the Fund to maintain the
value of Fund holdings of U.o. doiiars.
Excludes currency valuation adjustments for each month as follows
(in millions of dollars):
Payable to
the U.S.
Payable to
the IMF
1976-May 31
June - 8
July - 2
Aug - 12
Sept - 20
Oct 8
Nov 15
Dec - 34
1977-Jan 29
Feb - 10
Mar . - 9
Apr - 9
May 4
10/ Includes valuation adjustments on net borrowings by the IMF due to
changes arising from fluctuations in the dollar value of the IMF's
unit of account (SDR), for each month as follows (in millions of
dollars):
Increase or
Decrease (-)
1977-Jan -4
Feb 1
Mar 1
Apr 1
May -1
« Less than $500,000.
///;/(' /9^7
83
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-6. - Weighted-Average of Exchange Rate Changes for the Dollar
(Percent change relative to exchange rates as of end-May 1970)
End of calendar
year or month
Trade-weighted average appreciation (+)
or depreciation (-) of the U.S. dollar 1/
Vls-a-Vis
(■\irrencies of
OECD countries 2/
Currencies of 46 main
trading countries J/
1670
-2.0
-8.2
-9. A
-H.b
-16.0
-10.9
-10.3
-10.1
-10.9
-11.1
-11.2
-11.8
-11.2
-8.2
-10.3
-9.6
-9.0
-9.4
-9.9
-9.7
-u.y
1971
-4.8
1972
-4.9
1973
-9.6
1974
-9.6
1975
-4.6
1976
-1.2
-3.4
-3.7
July
Aug
-3.8
-3.8
-2.4
Oct
-0.8
*0.9
+1.0
1977-Jan
-0.1
+0.7
+0.4
+0.2
+0.3
1/ This table presents calculations of weighted average percentage changes
in the rates of exchange between the dollar and certain foreign curren-
cies, in order to provide a meas\ire of changes in the dollar's general
foreign exchange value broader than a measure provided by any single
exchange rate change. Calculations are provided for two sets of
countries that account for a major share of U.S. foreign trade, U.S.
bilateral trade patterns in 1972 are used as a convenient, readily
available proxy for the assignment of relative weights to individual
exchange rate changes, though SMch weights do not provide a full
iiieaa\ire of individual currencies' relative importance in U.S. inter-
national transactions because they take no accoiont of factors other
than trade. The calculations do not purport to represent a guide to
measuring the impact of exchange rate changes on U.S. international
transactions.
Exchange rate data used in constructing the indices reported here differ
somewhat from those used in earlier calculations to more accurately
reflect end-of -period currency values.
The equations used are as follows:
Equation one is used to calculate a trade-weighted average of changes
in the dollar cost of foreign currencies;
(EQl) Epi = Z{A$/fci * Mi/SM)
Where: Ej^ is the weighted average of percentage
changes in the dollar cost of individual
foreign currencies ;
AS/fci is the percent change in the dollar
cost of foreign currency i; and
Mj^/Sm is U.S. imports from country i, as
a proportion of total U.S. imports from
all countries in the set.
Equation two is used to calcxilate a trade-weighted average of changes
in the foreign exchange cost of dollars:
(E02) Ey. = E(AfCj^/5 * Xi_/J:X)
Where: E^ is the weighted average of percentage
changes in the foreign currency cost of
dollars ;
AfCj^/$ is the percent change in the
foreign currency i cost of dollars; and
Xi/SX is U.S. exports to country i, as
a proportion of total U.S. exports to
all countries in the set.
Equation three combines the above export -weighted and import-weighted
averages to provide an overall measure of exchange rate change:
(EQ3)
Z/
y
[(En, * m/m+x)-(-l)] + tEx
x/m+xj
Where: m/m+x is U.S. imports as a proportion
of its total trade with all countries in
the set; and
x/m+x is U.S. exports as a proportion of
its total trade with all countries in the
set.
Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France
Germany, Greece, Iceland, Ireland, Italy, Japan, the Netherlands,
New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey,
United Kingdom.
The currencies of 46 IMF member countries which account for approximately
90^ of U.S. total trade.
Preliminary.
84
Treasury Bulletin
-CAPITAL MOVEMENTS.
Uatn relating to capital movements between the United
States and foreitm oouiitries have been collected since W?5,
pvirsuaiit to Kxc'itive Or>lor 6''i.'0 ol' .laiuinry l"", l'"'!4, Execu-
tive Order 100 '3 of I'olTuai-j.- :?, V^^'\ and Troasury ivi;ulations
proinulij;;\led thereunder. Tlie rerulationj were amended In Jan-
uary 19T" to acknowledfe the ef feot? of the International In-
vestment ."Purvey Act of 1"^76 which prorMos additional author-
ity for tlic colloc* \'n of data on iiitornutional capital flows
iind international investment. Statist! -s on the principal
types of data and Uie principal ccuntrioj iwe publis! "-d montli-
ly in the "Treasury Bulletin." Reports are file-J with the Fed-
eral Reserve banks by banks, securities brc- ^alers,
and nonbankiniT concerns in the United State. . Jtatis-
tics are tlien consolidated and are publ"she.i b;.- the Treasiiry
as promptly as pv-^ssible.
The report forms and instructions Ui-ed in the collection
of the statistics have been revised a n>mber of times. The
most recent General revision of tlie report forms became effec-
tive with reports as of May ?1, IVi"!. xi,e report forms ( f oiv
ir.erly Treasury ForeifTi Exchange Perms) were redes i-na ted ir.
January l"""? as Treasury International Capital Forms. 1/
The present form of the published presentation of the
"Capital Movements" statistics was introduced in the May
1969 issue of the "Bulletin." The principal changes were
the rearrangement of the tables to bring together in separate
sections all the data relevant to the same statistical series;
the expansion of the time series on aggregate liabilities
and claims reported by banks to show more detailed breakdowns
by type of holder and type of liability' and claim; and the
presentation of statistics not previously published on the
short-term liquid claims of large nonbonking concerns.
Basic definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domi-
ciled abroad, and the foreign breuiches, subsidiaries and
offices of United States banks and business concerns; the
central governments, central bonks and other official in-
stitutions of foreign countries, wherever located; and inter-
national and regional organizations, wherever located. The
term "foreigner" also includes persons in the United States
to the extent that they are known by reporting institutions
to be acting on behalf of foreigners.
In general, data are reported opposite the foreign coun-
try or geographical area in which the foreigner is domiciled,
as shown on the records of reporting institutions. For a
number of reasons, the geographical breakdown of the reported
data Bay not in all cases reflect the ultimate ownership of
the assets. Reporting institutions are not expected to go
beyond the addresses shown on their records, and so may not
be aware of the country of domicile of the ultimate beneficiary.
Furthermore, U.S. liabilities arising from deposits of dollars
with foreign banks ore reported generally in the Treasury
statistics as liabilities to foreign banks, whereas the li-
ability of the foreign bank receiving the deposit may be to
foreign official institutions or residents of another country.
Data pertaining to branches or agencies of foreign offi-
cial institutions are reported opposite the country to which
the official institution belongs. Data pertaining to inter-
national and regional organizotions are reported opposite
the appropriate international or regional classification
except for the Bank for International Settlements and the
European Fund, which are included in the classification "Other
Western Europe . "
"Short-term" refers to obligations payable on demand
or having an original maturity of one year or less. "Long-
term" refers to obligations having an original maturity of
more than one year, and Includes securities having no con-
tractual maturity.
Report: Ml! oover3i;e
ivoports arc required from banks, securities brokers and
■ealors, and nonbankin.: concerns ii. the Vr.ited States, in-
cluding the brancjies, agencies, subsidiaries, and other af-
filiates in the United .'tates of foreifpi firms. Institutions
which have total reportable liabilities, claims or seci-ri ties
transa.'tions belav a specified exemption level are exempt from
reporting.
"aid<s file reports monthly coverin;; their short-term and
lonr;- terra liabilities to and claims on foreigners; an exemp-
tion of $r"'00,000, based on the average for the report dates
diirin.- a six--ionth period, including the current report date,
is applicable to reports in each of these catejjories. Twice
a year they also report their short- termdollar liabilities
to foreigners in countries not shown separately on the monthly
report of liabilities. Banks, securities brokers and dealers,
and in some instances, nonbanking concerns, report -i.onti-Jy
t.'ieir transactions iii sccorities with foreigners; the appli-
cable exei:.ption level is $500,000 on the grand total of pur-
chases and on the grand total of sales during the month .'overod
by the reiwrt.
Quarterly reports are filed by exporters, importers, in-
dustrial and commercial concerns, financial institutions other
than banks and brokers, and other nonbankin,; firms if their
liabilities or claims, on the six-months average basis, are
$500,000 or more. Such firms also report the liquid portion
of their claims for each month-end when they have reportable
.'lains of $] million or more.
Description of statistics
Data collected on the Treasury International Capital
Forms are published in the "Treasury Bulletin" in six sec-
tions. Each section contains all the data relevant to the
same statistical series, with tables shewing time series by
type and country, and the detailed breakdowns of the latest
available data.
Section I covers the short-term and long-term liabilities
to foreigners reported by banks in the United States. The
data exclude the holdings of dollars of the International
Monetary Fund derived from payments of the United States
subscription and from the exchange transactions and other
operations of the Fund. (Liabilities representing the "gold
investment" of the Fund, however, axe included. ) The data
also exclude U.S. Treasury letters of credit, and nonnego-
tiable, noninterest-bearing special notes of the United States
held by international and regional organizations.
Section II presents the short-term and long-term claims
on foreigners reported by banks in the United States, including
claims held for their own account and for the account of
their domestic customers. The data exclude convertible for-
eign currencies held by U.S. monetary authorities.
Sections III and IV show respectively the liabilities
June 1977
85
.CAPITAL MOVEMENTS.
to, and claims on, foreigners reported by exporters, impor-
ters, industrial and commercial firms, financial institutions
other than banks and brokers, and other nonbanking concerns
in the United States. The data exclude the intercompany ac-
counts of business enterprises in the United States with
their own branches and subsidiaries abroad or with their for-
eign parent companies. (Such transactions are reported by
business firms to the Department of Commerce on its direct
investment forms . ) The data also exclude claims held through
United States banks. Separate figures are shown in Section
IV for the short-term liquid claims of large nonbanking con-
cerns in the United States.
Section V contains data on transactions in all types
of long-term domestic and foreign securities by foreigners
reported by banks and brokers in the United States (except
nonmarketable U.S. Treasury notes, foreign series, and non-
marketable U.S. Treasury bonds and notes, foreign currency
series, which are shown in "International Financial Statis-
tics" section. Table IFS-lt). The data cover new issues of
securities, transactions in outstanding issues, and redemp-
tions of securities. They include transactions executed in
the United States for the account of foreigners, and trans-
actions executed abroad for the account of reporting insti-
tutions and their domestic customers. The data include some
transactions which are classified as direct investments in
the balance of payments accounts. The data exclude securi-
ties issued abroad by foreign subsidiaries of U.S. corpora-
tions, some of which are treated in the balance of payments,
as issues of U.S. corporations.
The geographical breakdown of the data on securities
transactions shows the country of domicile of the foreign
buyers artd- sellers of the securities; in the case of out-
standing issues, this may differ from the country of the
original issuer. The gross figures contain some offsetting
transactions between foreigners. The net figures for total
transactions represent transactions by foreigners with United
States residents; but the net figures for transactions of
individual countries and areas may include some transactions
between foreigners of different countries. Beginning with
data for I969, transactions between foreigners in new issues
not offered for sale to United States residents but managed
by underwriters in the United States are excluded from the
gross figures.
The data published in these sections do not cover all
types of reported capital movements between the United States
and foreign countries. The principal exclusions are the
intercompany capital trajisactions of business enterprises
in the United States with their own branches and subsidiar-
ies abroad or with their foreign parent companies, and capital
transactions of the United States Government. Consolidated
data on all types of capital transactions are published by
the Department of Commerce in its regular reports on the
United States balance of payments.
1/ Copies of the reporting forms and instructions may be obtained from the uffice of Statistical Reports,
Policy, Department of the Treasury, Washington, D. C. 20220 or from Federal Reserve Banis.
'jf f ice of the Assistant .Tecretaiv for Lconomic
86
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-1. - Short-Term Liabilities by Type of Foreign Holder
(In millionc of dolltirs)
End of
calendar year
or month
1957
1958
1959
1960
1961 S/....
1962 5/'
1963
196* 5/. . . .
1967 5/. . . .
1968
196Q V
1O70 i/
1971 i/....
1972
1973
197* i/....
1975
1976
1976-Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec.
1977-Jan. .
Feb..
Mar.p
Apr.p
Total
short -
term
liablll-
tios
U)
14,383
15,367
17,261
18,701
20,015
20,098
21,958
21,958
22,877
25,467
25,518
27,7?i
27."
y: .■
30,;.-M
31,717
40,040
40,100
41.
41. • -
55,404
55, 4.1?
94,847
94,771
94,338
108,947r
10l,835r
10O,970r
101,734r
102,439r
102,473r
108,947r
105,091
104,858
106,195
111,075
Forelcn countries
(2)
i;<,64i
14,61'
16.
21,330
23,849
23,900
24,072
?6,14'
30,234
3f.
...99
,v.l
53,632
51,661
..'84
u.',119
91,676
91,600
39,046
103,497r
OlTlciol IiiGtltutio
1/
Total
(3)
i0j,497r
7,917
?,665
, I ''4
, 12
13,224
13,220
13,066
12,484
: .'^~9
Payable
In
dollars
(4)
19,333
40,000
43,923
53,057
53,079
49,530r
53,52Sr
50,578r
51,630r
'n,056r
49,671r
49,071r
49,323r
53,528r
54.515
7,917
8,665
9,154
10,212
10,893
IC.go-
12,417
13,224
13,220
13,066
11,968
12,022
13,882
--'. -76
19,184
1",1?5
39,829
43,796
52,930
52,952
49,530r
53,528r
49,671r
49,071r
49,32 r
53,'2-r
Payable
in
foreiKn
currencies
(5)
46
46
48
48
30
517
517
152
152
463
202
202
148
148
158
165 2/
171
127 8/
127 8/
127 e/
Banks and other foreigners
(6)
1^' Ir.L^ludes Bank for Interna* ■ nid.
- ---nn U.S. Govemment obligations at cost value and funds await-
-stment obtained from proceeds of sales of gold by the Intema-
■ - * "ry Fund to the United States to acquire income-earning
termination of investment, the same quantity of gold
J by the International Monetary Fund.
^ Prill" i: 'illy the Intema-tipnal 9ajik for Reconstruction and ;• ■ -
and the Inter-American Development Bank, Includes differer.
cost vail,'- 'ir. : fa-e ".-^l^-:- rr securities in IMF gold investT' •
($14 r,r
i/ In add; -,t Included investments In U.S. Govem-
ment b-:.-- -.^ .. ., ., ,..^unted to $109 million at end 1960, $187
million at end 1961, and $61 million at end 1963.
5/ Data on the two lines shown for this date differ because of changes
5,724
5,950
7,076
7,047
7,759
7,?41
6,863
10,525
10,680
13,"
13,bt'u
15,337
15,205
lc,916
27,577
27,709
21,166
21,207
13,954
14,643 6/
19,284
23,196
38,619
38,520
39,515r
49,969r
45,930r
46,896r
43,257r
45,651r
44,048r
46,096r
48,280r
47,644r
/.Q OfO..
45,951
46,144
45,867
48,264
payable in dollars
BanVs
(7)
Other
foreigners
(8)
3,413
3,460
4,601
4,705
5,299
',780
5,71j
7,153
7,213
11,132
11,008
14,298
23,412
23,419
16,917
16,949
10,054
10,721 ^
14,340
17,224
29,676
29,467
28,965
36,658r
34,4..;
35, r
31,"' :■
34,084r
32,190r
33,942r
36,126r
34,55Qr
32,781r
32,279
32,015
34,573
2,252
2,430
2,398
2,230
2,356
2,357
3,046
3,354
3,376
4,128
4,120
3,
4,
4,029
4,038
3,692
3,594
4,618
5,503
8,304
8,414
10,000r
12,592
'. \726r
,■ 'ilr
. ,Dl7r
10,901r
ll,ia6r
11... ■
11.
12, -.
12, ■^^'2
12,441r
13,056
12,993
12,886
Payable
in
f o.'-e ign
currencies
(9)
59
59
77
104
104
95
95
104
118
90
93
72
77
77
173
220
220
228
228
325
469
639
539
549
719
763
727
687
667
661
J10J_
742
752
1,031
1,442
1,517
1,317
2,050
2,084
1,547
1,618
1,618
1,479
1,381
1,381
1,287
1,273
1,483
1,409
1,413
1,221
1,221
1,772
1,767
1,413
1,955
3,171
3,171
5,293
5,450
5,519
5,512
5,365
5,671
5,649
5,966
5,088r
5,506
5 450
4,625
3,918
4,288
5,282
IMF
gold
Invest-
ment 2/
(11)
500
691 i/
613 i/
613 4/
800
800
739 V
800
800
eor.'
600
800
800
800
800
400
400
400
400
non-
monetary
interna-
tional and
regional
-^ (12)
542
552
531
751
704
704
818
818
579
581
581
487
473
683
509
613
821
821
1,372
1,367
1,413
1,955
3,171
3,171
5,293
5,450
5,519
5,512
5,365
5,671
5,549
5,966
5,088r
5,506
4,625
3,918
4,288
5,282
. . '-i.e first line are comparable in
coverage to tnose shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
6/ Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions" are
included with "banks" and a number of reporting banks are included in
the series for the first time,
2/ Second lino includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchanre rates i^ of
Dec. 31, 1971.
2/ Includes $15 million increase in dollar value of fore'
liabilities revalued to reflect market exchange rates.
p Preliminary.
r Revised.
June I'-n
.CAPITAL MOVEMENTS
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-2. - Short-Term Liabilities by Type of Liability
Part A - Foreign Countries
87
! In millions of dollars'
rjITicial in;-.titutions 1/
BaiiK and .liher foreigners
Payable
in dollar-
Payable in dollars
calendar
foreign
Deposits
Payabl.:-
Bank;;
Othei- foreigners
year
or month
coun-
trier
(1)
,
Treasury
bills and
certifi-
cates
(4)
uther
short-
term
liabili-
ties 2/
(5)
in
foreiETi
cur-
rencies
(6)
Payable
Demand
(2)
Time
2/
(3)
Deposits
U.E,
Treasury
bills and
certifi-
cates (Q)
3ther
i;hort-
term
Liabili-
ties 2/
flO)
Deposits
U.E.
Treasury
Jills and
certifi-
cates (13)
jlher
short-
term
liabili-
ties 2^j^^)
Ir.
foreign
cur-
rencies
(15)
Dem.^jnd
(7)
Time
^(8,
Demand
(11)
Time
2/
(12)
1957
I ■■,':',{
^,0*^9
4,246
612
-
2 7 '7
158
518
1,756
278
209
59
1958
14, ol'.
!,511
4,392
762
-
3,017
131
312
1,951
306
174
270
1959
16, 2n
2,834
5,738
582
-
3,369
492
740
1,833
295
1960
17,260
3,038
6,193
982
-
4,210
76
419
1,849
148
233
113
1961 i/
/18,69Q
3,389
6,412
1,092
46
4,854
43
402
l,'/76
230
230
104
104
1S,7H1
3,389
6,412
1,092
46
4,917
43
420
1,977
149
1962 i/
U9;874
3,261
3;234
7,759
7;759
928
4,678
4; 678
83
83
490
490
2,096
2;096
116
116
352
352
95
95
1963
21,330
1,402
?,451
7,548
l,C-:c
.SO
4,102
838
68
704 .
1,493
966
119
469
104
1964 i/
123,849
1,591
2,820
7,554
1,259
-
5,0(X
967
142
1,039
1,523
1,257
\23,900
1,591
2,816
7,554
1,259
-
5,027
967
142
1,077
1,531
1,271
72
503
90
1965
24,072
1,535
2,862
7,186
1,483
-
4,941
900
113
1.40t
1,574
1,594
87
332
59
196b i/
126,343
\26,219
1,679
1,679
2,612
2; 668
6,316
6; 316
1,361
1,360
517
517
6,795
6,036
1,249
i;243
\V,
i,.;4.-'
i;s4s
1,513
i;513
1,819
i;8i9
%
]^
^i
1967 i/
/29,370
2,054
2,462
7,985
1,380
152
7,933
1,142
129
1 , 927
1,693
2,052
81
302
77
\29,232
2,054
2,458
7,985
1,378
152
7,763
1,142
129
1,073
1,693
2,054
81
292
77
1968
30,234
2,149
1,899
5,486
1,321
463
10,374
1,273
fO
2,c21
1,797
2,1-19
81.
362
173
1969 i/
bs,k-)i
1,918
2,951
3,844
2,139
202
16,745
1,988
20
4,658
1,709
1,811
107
312
225
bg,786
1,930
2,942
3,844
2,158
202
16,756
1,999
20
4,644
1,711
1,935
107
312
226
1970 i/
^0,^99
1,652
2,554
13,367
1,612
148
12,376
1,326
14
S,202
1,688
1,886
131
^25
m
/0^541
1,652
2,554
13,367
1,612
148
12,385
1,354
14
3,197
i;688
1,895
131
325
1971 i/ iJ. .
/53,632
1,620
2,504
32,311
3,086
158
7,047
850
8
2,130
1,660
1,663
96
274
228
\53,661
1,3274/
2,039^
732,311
3,177
165 V
3,399i/
320^
6,995 V
1,660
1,666
96
271
228
1972
59,284
1,591
2,880
31,453
3,905
171
4,658
405
c,
9,272
1,955
2 , 1 16
OS
481
325
1973
67,119
2,125
3,911
31,511
6,248
127 6/
127
6,941
529
9,743
19,254
2,143
2,729
2,359
3,796
933
1,502
469
1974 i/
91,676
2,951
4,257
4; 167
34,656
11,066
8.248
1,942
232
277
(91,600
2,951
34,656
11,178
127
8,231
1,910
232
19,094
2,729
3,744
277
1,664
039
1975
"9.046 •
2,644
3,423
34,199r
1 9,264
-
7,534
l,856r
J35
19j241r
3,248
4,823
325r
1,604
549
1976
L03,4<i7r
3 , 394
2.28ur
37,725r
I0,120r
-
•■'.104
2 , 279r
llor
25,156r
4,015
6,524
198
1,854
719
1^76-Apr
96,507
2,782
2,330
j6,200r
9,266
_
7, 883
2,06Sr
134
24,356r
3,439
5,392
344r
1,551
763
May
98,526r
2,799
2,400
36,863r
9,568
-
7.737
l,931r
151
25,819r
3,219
5,419
355r
1,538
727
June,, .
93,313r
2,632
2,395
35,536r
9,493
-
8,0QQ
1.755r
154
21,945r
3,146
5,527
318r ,
1,526
587
July...
96,164r
2,932
2,251
36,033r
9,297
-
7,'J87
l,920r
155
24,022r
3,307
5,527
3l6r
1,751
667
Aug
95,321r
2,380
2,207
37,001r
9,685
-
7,929
l,874r
162
22,225r
3,505
5,618
326r
1,747
661
Sept..,
95,768r
2,544
2,144
35,670r
9,314
-
8,233
2 , 206r
176
23,326r
3,686
5,771
242r
1,759
697
Oct
97,351r
2,706
2,124r
35,298r
8,943
-
",-•(1
l,838r
17 3r
25,753r
l,3i5
5,965
2b7r
1,824
762
Nov
96,967r
2,685
2,132r
:f4,706r
9,799r
-
8,897
l,663r
124r
2 3,a72r
3,943
6,461
209
1,700
776
Dee
^03,497r
3,394
2,289r
J7,725r
10,120r
-
9,104
2,279r
119r
25,156r
4,015
6,524
198
1,854
719
1977-Jan
[l 00, 466
2,931
2,456
38,081
■1,047
_
8,475
2,074
122
22,116
1,741
6,636
183
1,876
728
Feb
100,940
2,404
2,376
39,559
0,456
_
9,387
1,779
102
21,011
4,091
6,813
229
1,924
809
Mar, p..
101,907
2,62Q
2,269
40,454
.0,689
_
8,400
1,739
108
21,770
3,866
6,983
248
1,896
858
Apr. p..
105,79'
2,757
2,.<80
41,508
.0,884
8,711
1,025
104
24,1:2
3,818
7,060
109
1,809
805
1/ Includes Bank for International Settlements and European Fund.
2/ Time deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities,"
^ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Jj/ Data on the second line differ from those on the first line because
those liabilities of U.S. banks to their foreign branches and those
liabilities of U.S. agencies and branches of foreign banks to their
head offices and foreign branche.'^ which were previously reported as
deposits are included in "Other short- terra liabilities"; certain
accounts previously classified as "official institutions" are in-
cluded with " banks"; and a number or reporting banks are included in
the series for the first tine.
^ Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates as of
December 31, 1971.
6/ Includes $15 million increase in dollar value of foreign currency
liabilities revalued to refl ^ct market exchange rates.
p Preliminary. ~r Revised.
88
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-2. - Short-Term Liabilities by Type of Liability-Continued
Part B - International and Regional Organizations
( Ln millions of dollarc)
End of
calendar year
or tiunth
Total
International
and regional
1957
1958
1959
1960
1961
1962 i/. . .
1963
1964
1965
1966
1967 5/. . .
1968
1969 i/...
1970
1971
1972
1973
197<1
1975
1976
1976-Apr...
May...
June. .
July..
Aug...
Sept..
Oct...
Nov...
Deo.
1977 J an. .
Feb...
ftor.p.
Apr. p.
,031
,442
,317
,J»
,034
547
618
479
381
287
,273
483
413
221
,772
767
413
,955
3,171
5,293
5,450
5,519
5,5la
5,365
5,671
5,649
5,966
5, 0881-
5,506
5,450
4,625
3,918
4,288
5;282
IMF gold
investment:
U.S. TreaGury
bills and
certificates 1/
(2)
200
200
500
691 i/
613 i/
800
800
739 i/
800
800
300
300
400
400
400
Nonmonetary International and regional ori^anir.at ions £,
Deposits
Tim! X'
(4)
50
209
76
219
354
540
568
70
66
42
56
67
67
68
62
69
73
73
86
101
139
139
?oij
UC
91
258
483
379
331
256
287
pu"
166
216
203
125
384
207
200
139
124
120
113
83
159
192
192
202
83
111
148
205r
193
185
160
192
148
151
164
196r
205r
230
237
236
196
U.S. Treasury
bills and
certificates
(5)
4X)
343
449
532
294
572
572
170
212
178
178
394
244
211
211
211
326
296
497
2,554
2,'r7b
2,236
3,129
3,475
4,031
3,196
;-,604
2, -a
2 , 890
2,779
2,743
2,S49
Other
short-term
liabilities
(6)
138
U5
138
314
266
173
118
107
108
224
381
896
992
800
1,474
2,451
2,254r6/
2,447r^
2,351 6/
2,711 6/
1,868 6/
1,647 6/
1,453 6/
l,472r|/
l,419r6/
2,254r6/
1,339 6/
6866/
1,1066/
2,1" 6/
^ . Govemmen* i.ue, and deposits
,_ 'vnent (less ;..^. * , ... ^^^ .;ates shovm), obtained
from proceeds of sales of gold by the International Monetary Fund
to the United States to acquire income-pnming assets. Upon termin-
tion of investment, the same quantity " ' ' luired by the
International Monetary Fund.
2/ Pr!n"'.r5lly *hc Tr.terr.itlrns-. Bank for md Development
■nt Bank; ex-lu^ej Bank for Interna-
Fund. Includes differences between
-- ■- -- -ocuritles in V-f^ .-r.n 'nvo-it-.f^i-
$li, miiiicm at end 1971).
_ 2lta exclude negotiable time cert:: ?h
W-- i:.^Luded in "Other short-term liabilitieii. '^
•5/
6/
eri.,.i._.,L
$187 ml;
Data on ■
in repcr-
coveragf
line are
Includes liab;
(in millions '
1976-Apr 5
May 5
June 5
July 6
Aug 8
Sept 4
Oct 4
Nov 4
Dec 5
1977 -J an 4
Feb 6
Mar 3
Apr 3
p Prellmir.or".
• Less th'i :
r Revised,
investment included investments in U.S. Gov-
„, •^■■- "d to $109 million at end 1960,
"- ion at end 1963.
ii*e differ because of changes
e are comparable in
: Igures on the second
::u- iste.
June \'P7
.CAPITAL MOVEMENTS.
89
Section I
Country
Europe:
Austria
Belj^iiim-Liixembourg. . .
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Swi tzerland
Turkey
United Kingdom
Yiigoslavia
Other Western Europe.
Poland
U.S.S.R
Other Eastern Europe.
Total Europe
Canada
Latin America
Argentina. .
Bahamas. . . .
Brazil
Chile
Colombia, . .
Cuba
Ecuador. . . .
I.'exico
Manama
Peru
Trinidad and Tobago
I'ruguay
Venezuela
Other Latin American Republics.
Bermuda
British West Indies
Netherlands Antilles 2/
Other Latin America
Total Latin America
Asia:
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan)
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Middle-East oil-exporting countries^
Other Asia
Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-3. - Short-Term Liabilities by Country
(f'ositiun at end c.i" ;>eriod in millions of dollars)
Calendar vear
Total Asia.
Africa:
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Oil-exporting countries^.
Other Africa
Total Africa. .
Other countries:
Australia
All other
Total other countries,...
Total foreign countries....
International and regional:
Internat ional
European regional
Latin American regional . .
As ian regional
African regional
Total international and regional.,
nrand total
2,61T
•' 2 '•%
1,040
■10
1,1 -e
1''2
1 ,Vf-t
If 3
SS6
i,.a8
1,0-^
276
105
7
122
1,770
i,£e
272
107
1^7
1,087
lib
;'79
158
2A
12,038
818
530
261
1,221
10,807
38A
126
4,633
281
103
18
^9
38
130
84
,814
326
3,5''l
2
742
8Q
2
831
Ql
676
, QOO
25
2 Do
A, 287
o,42Q
248
2,577
--,234
1,040
'10
1,13?
111,1 c,
152
7,584
183
151
886
1,054
1,0 34
276
305
7
122
1,770
510
272
107
165
',413
1,087
116
158
11,754
818
530
261
1,221
10,031
384
126
4,623
313
103
18
39
38
130
'
814
326
3
551
2
742
89
2.C31
a,..L.3
2,Q00
25
202
3,171
=■4,771
3 32
/Ql
7,733
4, ''57
1,072
:>,4ii
996
195
42c.
2 , 28Ci
8,514
118
6,886
12b
2 ^-''V'
66
40
134
1,147
1,827
1,227
:;17
417
6
120
2,066
l,0C'O
244
I'l
172
■: , 28Q
1,245
170
1,311
12Q
123
1,025
623
126
36Q
3Sb
10,218
390
117
252
6,461
317
53
08
16Q
63
2,23°
416
2,014
114
,064
7
187
94,338
348
2,2b8
.''6 3
41a
4,87'^
5,965
403
',206
3,007
785
239
565
1,693
°,453
16d
9,999r
188
2,672
:1
178
2,789
1,432
335
1,017
6
319
2,848
1,140
257
167
245
3,060
1,576
177
1,874
140
QQ
1°,010
985
892
648
340
385
14,380
437
140
396
189
627
2c0
35
275
8,073
3 ''2
28,4ol
333
"21
77
88
143
■15
l.llor
431r
2
300
1
oil
108
2
OIQ
103
■4977
5,0°!
22
136
175
26
5,450
1/ Data in the Vila columns for this date differ because of changes
in reporting coverage. Figures in the first column are comparable
in coverage to those shown for the preceding date; figures In the
second column are comparable to those shown for the following date.
2/ Through December 31, 1975, Surinam included with Netherlands Antilles.
197
332
2,085
416
378
4,642
5,418
378
2,884
2,694
740
206
478
1,420
8,846
88
8,399r
U7
2,639
n.a.
203
42
.47Sr
■■: 044
1,2' '3
2,654
1,168
315
922
6
270
2,860
1,188
243
25
238
3,009
1,445
152
1,472
157
26b
17,b84
5Q
1,092
859
910
314
325
14,736
324
113
n.a,
n.a.
606
324
14
244
8,124
171
19
n.a.
72
132
64
1,321
^=■02
2
,281
1
112
1
598
96
967r
!,10a
28
160
184
23
5,506
102,473r
348
2,268
363
419
4,875
5,955
403
3,206
3,007
785
239
565
1,603
9,453
166
9,999r
188
2,672
77
51
17.3
>23r
1,533
2,789
1,432
335
1,017
5
319
2,848
1,140
257
167
245
3,060
1,576
177
1,874
140
90
10.010
47
985
892
648
340
385
14,380
437
140
396
189
627
280
35
275
8,073
332
28,461
333
27
77
88
143
'<5
l.llor
431r
2 , 300
l.oll
108
,0Q1
22
136
175
26
5,450
108,947r
373
2,376
419
389
4,701
5,304
421
2,858
2,832
566
172
492
1,613
9,571
85
8,996
113
2,253
76
06
43,76?
4.510
1 , 648
1,979
1,292
325
1,090
6
332
2,710
909
244
70
250
2,986
1,631
207
1,812
151
204
17,847
47
1,058
941
510
595
430
14,481
448
123
405
99
502
245
18
301
9,020
'355
200
18
80
97
211
48
1 ,03'-'
'511
2
,207
2,224
116
2
3 -.n
IOC
466
4,27^
13
160
146
31
4,625
105, "on
Feb .
401
2,411
419
367
4,590
5,425
346
2,703
2,817
793
228
546
1,593
9,519
82
8,711
121
2,135
72
45
90
43,584
4,315
1,820
2,439
1,272
302
1,152
6
331
2,782
1,002
228
46
239
2,909
1,84s
206
1,654
157
135
18,520
47
1,158
1,039
559
546
547
13,358
483
138
421
184
554
257
17
313
0,276
361
20,25"
244
35
89
105
155
41
1.132
2,406
2,231
118
2,348
100,040
3,599
13
132
133
«_
3,91.3
104,858
499
2,566
559
312
4,827
4,575
302
2,361
3,181
745
209
560
1,717
8,927
88
10,334
95
2,144
^0
94
44,342
1,889
2,200
1,108
403
1,201
6
349
2,745
1,001
245
165
241
2.927
1,913
205
2,252
162
108
V . 123
52
1,056
1,018
538
480
509
13,271
382
127
485
120
652
236
14
312
9,987
362
2Q , d04
250
59
76
94
135
39
96.5
657
2
285
2
101
130
2
231
101
.007
3,9o5
27
,136
124
35
■154,19^
Apr. p
509
2,507
309
306
4,748
4,490
350
2,625
2,924
906
184
501
2,047
8,813
81
10,695
111
2,133
54
45,038
4,823
1,845
4,005
1,225
329
1,253
7
311
2.699
1,008
255
85
263
2,440
1,901
199
2,315
173
2U
20,^28
67
1,123
993
648
888
436
13,071
430
133
510
135
624
300
42
308
10,398
354
30,471
242
37
95
91
176
28
1.149
754
2,572
2,223
138
2,361
99
135
38
2/ Includes Bahrian, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Truclal States).
y Includes Algeria, Gabon, Libya, and Nigeria.
Less than $500,000.
,a. Not available. p Preliminary.
Revised.
90
.CAPITAL MOVEMENTS.
Treasury Bulletin
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-4. - Short-Term Liabilities, by Type and Country, as of April 30, 1977
Preliminary
(PC
nitinn !ii mil 1 ion;; uf du
liu-.n)
Total
short-
term
llabilltl
I''
.:hort-ternl liabilities payable In iollarG
To foreign banJcc and
official Inetltutiona
To all other
foreigners
Short-term
llabUities
payable
in
foreign
currencies
''.10,1
Country
.1-31/
U.S.
Treasury
bills and
certif-
icates (4)
Other 1/
(5)
Total
Deposits 1/
U.S.
Treasury
bills and
certif-
icates (8)
Other 1/
(9)
Europe:
2,607
,-■00
■06
4,748
4 , 490
^50
2,625
2,924
n06
l.^Ji
^jf'l
2,047
8,813
SI
10,695
111
2,1^3
64
41
95
4<'l
2,»C7
772
295
4,562
4,242
290
2,492
2,822
852
132
325
2,019
7,845
74
9,858
106
2,093
53
40
87
73
316
93
95
557
849
139
482
351
239
85
212
229
1,307
71
933
93
545
40
■7
82
202
1,476
670
3,256
3,127
70 •
1,166
1,839
581
18
1,498
2,121
3,214
1
186
1
216
614
fi
f;
tV,4
633
33
29
113
292
4,417
3
5,711
12
1,362
13
3
5
1,,
105
31
10
139
.^08
58
121
98
53
52
169
24
914
7
74H
5
40
2
1
7
1..
74
29
10
129
140
58
115
64
49
34
156
20
620
270
4
30
2
.■.
*
14
*
5
4
1
19
2
31
16
_
1
17
2
•
5
64
*
6
15
2
Iff
263
1
10
Denmark
Finland
o
48
40
2
Italy
12
3
1
*
7
3
54
-
89
-
*•
Poland
U.S.S.R
Other Eastern Europe
45,038
41,858
6,827
19,425
15,606
2,808
1,829
92
887
T
4,823
3,944
361
956
2,627
711
523
57
131
1,845
4,006
1,225
329
1,2'^3
7
311
;.',699
],008
255
85
263
2,440
1,901
199
2,316
173
214
20,528
891
3,798
1,001
136
912
1
202
545
373
119
70
73
1,259
999
45
2,193
53
130
12,800
235
201
507
105
166
1
116
313
54
108
5
64
327
443
28
417
25
41
3,155
221
7
5
19
336
3
1
20
307
179
3
3
1
1
1,105
435
3,590
489
12
411
*
84
232
318
11
45
9
626
377
U
1,774
27
88
02g
109
2,149
632
134
15
190
1,170
900
154
84
119
28
ojl
r."
. ]'■•
1 •■••:
315
1L7
2,011
34"
13.;
15
147
1,162
842
132
81
93
27
6
16
1
10
8
7
15
5
5
2
133
272
43
8
58
12
4
1°
2
26
57
Brazil
•
Chile
»•
21
-
*
5
4
Trinidad and Tobago
2
1
«
10
Other Latin American Republics..,.
Bermuda
2
38
Netherlando Antilles
1
Other Latin America
55
8,541
7,506
6,875
43
588
221
Asia:
China, People's Republic of
(China Mainland)
1,12:
QQ-.
648
888
4 '6
i:-,'j7i
1 ■
510
135
624
300
42
308
10,763
30,471
oO
958
516
613
872
394
,. .?28
.14
97
505
126
498
279
38
274
10,383
28,853
412
129
99
101
228
588
219
78
37
34
243
60
37
77
1,523
.•14
10,0 .v.
415
6
1
162
.3,:' 11
IQ
53
85
254
219
35
165
476
27
16
42
224
16
35
5
9
127
21
4
33
l,'if-'5
8
161
465
19
16
40
132
12
34
5
6
114
21
4
33
334
1,403
1
*
1 2/
6
8
8
1
92
4
*
1
13
43
175
.
China, Republic of (Taiwan)
*
1
9
Indonesia
-
Israel
-
Japan
19
Korea
»
Lebanon
2
Malaysia
1
Pakistan
«
«
Singapore
«
Syria
-
Thailand
*
Other As i a
5,342 2/ 3,517
?
3,909
17,201
7,743
,-.
Africa:
242
37
95
91
176
1,9?!
.•',') 72
I"
87
146
1,8!?
2, -46
159
25
Q
86
78
20
688
1 , 065
2
58
1,001 2.
1,062
72
1
8
1
10
/ 12^
21Q
8
78
8
55
-2.'
1
23
2
26
_
Liberia
,
.
4
Zaire
■ !ca
J''
-
-
O'f-.'T '■■-/lUi tries:
2,223
138
2,179
121
115
42
157
1,842
22
1,864
222
57
27Q
40
15
55
38
14
52
•
2
All other
2
2,361
•
2
7
105,793
''■2,1lU
15,474
4l,Dl2
.■5,01d
12,886
10,878
iw
1,809
605
Tnterr.atIonal and regional:
5,001
S
99
135
38
5,282
4,998
8
95
135
3P
262
47
1
2,796
6
10
i1
1,940
5
42
122
1
1
-
-
_
-
3
-
African regional
-
Total International and regional..
5,274
317
2,ei.Q
2,108
4
'•
-
-
111,075
07, 376
15,790
44,460
:i7,125
12,800
10,882
199
i.eca
i/ Deposits exclude negotiable time certificates of deposit,
2/ U.S. Trcurnir',' bills and certificates held In custody for
milllo: .
• Less t;
which are Included In "Other" short-term liabilities,
the account of oil -exporting countries In "Other Asia" and
'Other Africa" amounted to $6,003
June 79 "^7
91
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-5. - Short-Term Liabilities, Countries and Areas Not Regularly Reported Separately
(Position at end of period in millions of dollars)
Country
Other Western Europe:
Cyprus
Iceland
Ireland
Ntelta
Monaco
Other Eastern Europe:
Bulgaria
Czechoslovalcia
Estonia
German Democratic Republic
Hungary
Romania
Other Latin Ajnerioan Republics:
Bolivia
Costa Rica
Domini can Republi c
El Salvador
Guatemala
Guyana
Haiti
Honduras
Jamaica
Nicaragua
Paraguay
Surinam 1/
Other Latin America:
Belize
French West Indies and French Guiana
Other Asia:
Afghanistan
Bangladesh
Burma
Cambodia
Jordan
Laos
Nepal
Sri Lanka
Vietnam (formerly Viet-Nam i North Vlet-Nam)
Yemen ( Aden )
Other Africa:
Ethiopia (including Eritrea)
F. T.A.I. (French Somaliland)
Ivory Coas t
Kenya
Mozambique
Southern Rhodesia
Sudan
Tanzania
Tunisia
Uganda
Zambi a
Other Countries:
New Zealand
U.S. Trust Territory of the Pacific Islands..
'^rilendar year
lU
76
^3
bl
1/
4
11
131
11
10
62
4
16
18
2
7
12
17
68
86
118
90
156
6
21
56
3a
99
29
1/
12
2
6
3
16
13
79
1
10
23
S
2
3
12
7
6
22
1074
21
29
10
4
36
34
14
25
96
118
128
129
21'1
22
35
38
69
127
46
1/
18
21
65
4
22
3
25
14
12i.
1
95
3
7
31
22
2
4
11
19
13
22
17
20
29
3
31
13
11
1-)
11
u
93
120
214
144
255
22
34
92
62
125
38
1/
V>
50
49
4
30
5
22
13
70
4
76
4
11
12
14
3
14
21
23
38
18
36
11
75
6
19
32
2
17
13
44
110
124
15a
171
260
45
38
99
41
133
43
1/
41
54
31
4
39
2
28
13
6?
2
60
2
62
la
10
1
12
30
29
22
78
11
43
39
7
5
13
10
104
69
U9
128
177
36
33
59
49
89
43
12
4
5
54
41
34
3
20
2
34
9
33
2
70
6
76
37
15
1
17
18
33
50
14
7
7
34
21
n.a.
n.a.
19
1°
133
Ul
275
178
397
33
47
137
35
119
49
13
10
57
n.a.
13
n.a.
37
1
33
23
55
5
41
n.a.
10
46
22
1
22
n.a.
20
43
45
1^
Note: Data represent a partial breakdown of the amounts shown for the
corresponding dates for the "Other" geographical categories in the
regular monthly series in the Treasury Bulletin.
1/ Surinam included with Netherlands Antilles through December 1975.
n.a. Not available.
• Less than $500,000.
92
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section 1 - Liabilities to Foreigners Reported by Banks in the United States
Table CM-1-6. - Long-Term Liabilities by Type
(In millions of dollars)
Total
long-term
llabaitiOE
;i)
Payable in dollars-
End of
calendar year
Foreign countries
International
and regional
Payable in
or month
~ . , ,/
Official
institution-s
Sank.--
'4;
Other
foreigners
!5)
foreign
currenc ies
1957
10
2
1
7
2
7
69
31C
513
1,494
/ 2,546
\ 2,560
3,166
2,490
1,703
902
r 1,000
\ 1,018
1,462
1,285
1,81.2
2,40.Sr
2,099r
2,099r
2,225r
2,278r
2,250r
-■,?19r
2,32?r
2,324r
2,408r
2 , ^^"'0
2
1
7
2
7
28
204
203
988
1,858
1,863
2,389
1,600
913
437
417
417
700
464
1,395
2,120r
l,'K"!f>r
1,'-V.i.i
2,0! -r
2,0:'.>r
l,99»i-
l,995r
l,971r
l,987r
2,120r
2,066
1,992
1,986
2,143
n.Q,
n.a.
n.a.
n.a.
n.;i.
n.ri.
n.a.
n.a.
n.a.
913
1,807
1,807
2,341
1,505
695
144
93
93
310
124
931
1,352
1,357
1,404
1,465
1,454
l,400r
l,384r
l,312r
l,311r
1,3'52
1,2 -.2
1 , 102
1,1'-?
1,313
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a,
n.a.
50
35
40
40
40
53
56
ICC
7 'J
IOC-
204r
120r
135r
14ir
147r
152r
168r
178r
173r
204r
224
230
242
267
''v2
ir,>
31 :
(,p >
5f-2
580
761
822
415
264r
197
137r
191r
237r
251r
219r
338r
313r
264r
263
248
262
250
n.a.
1958
n.a
n.a
n.a
n.a
n.a
n.a
n.a
n.a
n.a.
1959
n.a.
I960
n.a.
1961
n.a.
1962
n.a.
1963
n.a.
1%4
n.a.
1965
n.a.
1966
25
15
15
8
55
165
237
'238
238
291
261
364
563r
423
421r
42 4r
440r
442r
443r
481r
502 r
?63r
-
1%7 2/
-
1968
1969
1
1970
1
1971
20
t972 2/
21
21
1973
19f?4
-
1975
2
24
2
2
1
Aug
Oct
1
5
5
20
24
Dec
24
1977-Jan
Feb
580
570
581
563
24
57
67
68
1/ Dollar-foreign currency breakdown not available prior to 1%6; amounts
reported for earlier dates a.^isuined to have been payable in dollars,
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those sho?ni for the preceding date; figures on the second
line are comparable to those shown for the following date,
n.a. Not available,
p Prelindnary. r Revised.
Jituc 19'^7
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-7. - Long-Term Liabilities by Country
93
Europe:
Austria
Eelgiiim-L'jxembourg, , .
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
Uni ted Kingdom
Yugoslavia
Other V/estern Eoi'ope.
Poland
U.S.S.R
Other Eastern Europe.
Total Europe
Canada
Latin America:
Art^entina
Bahamas
Brazil
Chile
Colombia
Cuba
Ecuador
Mexico
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin American Republics.
Bermuda_l/
British West Indies
Netherlands Antilles 2/
Other Latin America
Total Latin America.
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan)
Hons Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Middle-East oil-ejqrarting countries^
Other Asia
Total Asia
' P^.''3iti':n at end
Calendar Year
Africa:
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Oil-exporting counti'ies^.
Other Africa
Total Africa.
Other coxmtries:
Australia
All other
Total other countries,...
Total foreign countries....
International and regional:
International
i^oropean regional.
Latin Ajnerican regional
Asian regional
African regional
Total international and re.fficinal..
Grand total.
1
l^.Q
n.a,
44
n.a,
n.a.
) Ix
)_S
1,462
1^6
n. 3.
1
61
107
1
10
15
894
2
902
10
?4
415
1,812
513
lUr
5J7r
90
5
1
7
50
n.a.
1,251
l,.i47
f6r
130
2(iT
1/ Through December 31, 1975, Surinam included with Netherlands Antilles.
2/ Includes Balirain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Truclal States),
i/ Includes Algeria, Gabon, Libya, and Nigeria.
-l^^'-^)
13r
309
3
25r
127r
2
n.a.
1
18
25
Ar
13
1
11
n.a.
Ir
1,239
1
1 , 314r
1
2,011r
i;o
75r
,324r
9
313
3
26r
134r
2
90
5
1
7
50
n.a.
n.a.
1
1,251
28
2,40Sr
Less than $500,000.
p Preliminary,
n.a. Not available.
r Revised.
10
313
3
5
27
88
5
4
1
1
il
27
26
47
1
1,186
130
67
I'-t'
296
5
27
2
1,104
1
120
62
24S
2 '97
19
354
5
5
2
4
5
27
123
1
591
1
26
'■0
1
2
1,091
125
60
Apr.p
45
19
304
6
8
2
5
5
56
131
1
''83
60
33
1
5
50
6
1
2
1,259
1,327
125
59
250
2,460
94
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-1. - Short-Term Claims by Type
(In
;r. Ill ions
of Jollarsj
Total
short-
term
claims
(1)
Payable In
dollars
Pay
able in foreign currencies
Total
(2)
Loans
Collec-
t ions
out-
stand Ing
for
account of
reporting
banks and
domestic
curtoraers(7
Accept-
ances
made for
account
of for-
eigners
' (8)
Other
short-
term
claims
Total
(10)
Deposit*
of
reporting
banks and
domestic
customers
■»lth for-
eigners
(11)
Foreign
government
obligations
and
coramerc ■
and
finance
paper
(12)
End of
calendar
year
or month
Total
Official
Insti-
tutions
:"mk:-
(5)
Other
for-
eigners
(6)
Other
shcrt-
(13)
1967
2,199
2,542
2,599
3,594
( 4,719
(4,777
5,101
5,887
/ 7,411
/ 7,819
y _' .
^ " ■
/ 15,471
( 15,6-'A
^20,".
39,^-"'
50,231
€9,126r
55,680r
57,604r
57,949r
59,316
58,014
60,343r
60,986r
63,313r
69,126r
63,719r
63,447
65,196
65,814
2,052
2,344
2,407
3,135
4,177
4,234
..,606
5,344
6,810
7,333
7 , 1 '.8
7,243
7,399
7,433
8,158
8,182
" .?k\
. _ - 1
u,yn
14,625
I/. .-"'O
. • 1
. "''^?
4SJ38Sr
67,481r
54,201r
56,185r
56,354r
57,852r
56,457r
58,668r
59,272r
61,508r
67,481r
61,9S7r
61,488
63,298
64,129
930
1,268
1,309
1,297
1,646
1,660
1,953
1,915
2,652
2,773
2,968
2,970
3,139
3,141
3,137
3,150
3,165
3,281
3,278
3,051
5,671
7,660
ll,287r
13,200r
'18,30ar
14,497r
15,779r
15,157r
15,566r
15,248r
14,881r
16,191r
16,141r
18,300r
16,072r
16,234
15,783
16,473
242
401
351
290
3:^1
223
221
271
271
256
256
306
306
247
262
262
119
163
163
284
381
614
1,456
766
1,011
814r
737
1,021
793
1,060
l,272r
1,456
1,257
940
789
745
1,374
1,403
1,566
1,567
1,739
1,739
1,603
1,616
1,697
1,946
1,943
1,720
2;080 2/
2,975
2,970
4,538
7,332
11' Too-
8,797
9,523
9,123
9,660
9,060
9,003
10,018r
9,628r
ll,076r
9,334
9,764
9,739
10,616
''('3
1,055
1,150
1,130
1,132
1,143
1,145
1,228
1,228
1,221
1,073
l,cr73
1,212
1,667
i;658
2,535
2,538
2,838
3,574r
4,920r
5,768r
4,934r
5,246r
5,219r
5,16«r
5,168r
5,085r
5,113r
5,241r
5,768r
5,481r
5,530
5,255
5,112
423
421
'.1 A
i,o(r,'
1.1 •'"
1,. ■
1,."'.;
1,367
1,288
1,511
1)552
1,733
1,954
2,C15
2,389
2,475
2,475
3,269
3,276
4,307
5,637
5,467
5,846
5,325
5,379
5,517
5,542
5,495
5,746
5,586
5,628
5,846
5,833
5,868
6,192
6,106
69
65
58
1,23
1,83
1,87
1,96
?,214
.i.tOO
,!,>.,: I
■ .' '■-
2,450
2,540
', 1 ■:
3,9Si
■4,243
4,2?4
3,204
3,226
4,160
11,237
11,147
12,367
11,310
11,323
11,541
11,451
11,144
11,213
11,461
11,422
12,367
12,018
12,009
12,793
12,079
9
6
2
3
7
4
7
384
443
464
4^?
2,478
2,657
3,935
9,698r
19,075r
30,96Sr
23,069r
23,704r
24,140r
25,293r
24,570r
26,828r
26,033r
28,316r
30,968r
28,064r
27,378
28,529
28,370
147
198
1 «?
4 '■
601
624
474
492
420
420
425
425
450
516
516
610
y ii
846
846
662
1,196
l,342r
1,645
1,480
1,419
1,595
l,464r
l,557r
l,675r
l,715r
1,805
1,645
1,732
1,959
1,897
1,686
132
181
343
342
336
325
329
240
241
287
287
336
352
352
352
549
548
441
441
428
669
656
1,063
955
885
954
850
903
1,029
1,052
1,084
1,063
1,126
1,091
1,100
863
2
2(
2(
If
157
182
187
54
68
70
70
74
70
40
64
89
92
119
173
223
223
119
289
314r
'89r
159r
U6r
161r
143r
157r
139r
113r
89r
89r
145
272
323
132
5
1958
L6
1959
L5
1960
;e
1961 V
X)
)0
1962
!6
1963
42
1964 1/
77
102
95
19r'- 1/
1966 1/
96
110
110
63
67
1067 1/
196S
73
1969 i/.
1970
1971 i/ 2/
1972 1/
79
74
166
174
174
182
182
115
1973
1974
238
1975
372
1976
493r
1976-Apr
366r
May
38?r
481r
Julj
471r
Aug
496
507
Oct
550
Nov
632r
Deo
493r
1977.Jan
460
Feb
596
Mar.p
474
Apr.p
490
1/
Data on the two
in reporting
coverage to '
-^hown for this date differ because of changes
r tgures on the first line are comparable in
for the preceding date; figures on the sec-
._ *v-,.^„ -^"wn for the following d^*-,
•hose on the first lir.-
foreign branches and th
of the U.S. r-.,-.n :-■ md branches of foreign banks on their head offices
and foreign branches which were previously reported as loans are
included in "other short-term claiflis'*; and a number of reporting
banks are included in the 5erie_s for the first time.
Preliminary,
Revised,
Jinic 7977
.CAPITAL MOVEMENTS.
95
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-2. - Short-Term Claims by Country
(Position at end if perljd in i;-:illi.jii^ or d'jllarL-;)
Europe:
Austria
Belgitjjn-Luxembourg. . .
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Swi tzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe,
Poland
U.S.S.R
Other Eastern Europe.
Total Europe
Canada
Latin America:
Argentina
Bahamas
Brazil
Chile
Colombia
Cuba
Ecuador
Mexico
Panama
Peru
Trinidad and Tobago
Urxiguay
Venezuela
Other Latin American Republics.
Bermuda
Bri tish West Indies
Netherlands Antilles 1/ ....... .
Other Latin America
Total Latin America.
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan)
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Middle- East oil- exporting countries 2/
Other Asia
Calendar Y^ar
Total Asia
Africa:
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Oil-exporting countries ^
Other Africa
Total Africa. .
Other countries:
Australia
All other
Total other countries.
Total foreign countries.
International and renional:
Intemat ional
European regional
Latin American regional..
Asian regional
African regional
Total international and regional,
i-lrand tota 1
11
147
4S
108
t^^l
■111
i5
ilb
133
23
222
153
176
10
10
2'^
n.a.
883
900
151
?97
12
n.a.
1.^73
274
178
n.a.
55
518
4^ J
n.a.
n.a,
1?
1'^'4
31
140
147
16
6,39.^.
403
n.a,
181
n.a.
n.a.
273
1 f
n.a.
n.a.
5
129
61
)_^{
388
43
286
20,723
20,723
21
122
673
589
64
345
348
119
20
196
180
335
15
2,580
22
22
n.a.
45
131
720
3,405
1,418
290
713
14
144
1,972
505
518
18
63
704
690
88
943
62
111
12 , 177
500
223
14
157
255
12,518
955
59
n.a.
n.a.
372
135
12
458
330
235
111
10
n.a.
18
329
98
115
174
15
352
49
128
1,471
436
49
370
300
71
16
249
167
237
86
4,718
38
27
n.a.
103
108
1,203
7,570
2,221
360
689
13
219
2,802
1,052
583
23
51
1,086
725
89
1,460
49
336
736
258
21
102
491
10,776
1,561
56
384
369
12
499
524
249
101
5
n.a.
9
545
34
231
303
1
'■3'-'
73
609
50
229
50,231
44
662
85
141
1,44s
562
79
929
304
98
65
429
177
482r
173r
6,158r
45
52
n.a,
99
130
962
15,340
3,378r
396
575
13
293
3,419r
1,021
690
31
38
1,553
816
134
5,018r
40
343r
34,ODOr
987
361
41
76
554
10,992
1,722
25
n.a.
n.a,
559
420
32
422
1,312
258
17,7f.5
132
5
n.a.
13
763
29
257
287
549
69,121r
i9,126~r
54
501
129
136
1,098
577
76
877
240
85
53
304
93
511
140
5,591
38
53
103
132r
10
, 790r
3,136
858
U,021r
3,254r
358
523
14
279
3,290r
781
629
26
35
1,512
763
115
4,265r
43
243r
31.010r
1,099
267
495
319
43
414
,082
113
109
6
n.a.
14
748
25
213
278
1
,594
502
110
612
63,
lOlT
o3,313r
44
662
85
141
1,448
562
79
929
304
98
65
429
177
482r
173r
6,158r
45
52
n.a.
99
130
34,060r
987
361
41
76
W4
10,992
1,722
25
n.a.
n.a.
559
420
32
422
1,312
258
17,765
132
5
n.a.
13
763
29
257
287
1.48n
450
99
549
c9,121r
1/ Through December 31, 1975, Surinam included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Truoial States).
2/ Includes Algeria, Gabon, Libya, and Nigeria,
Less than $500,000.
p Prelij7iinai:y.
n.a. Not available,
r Revised.
41
554
72
137
1,246
511
57
875
246
124
80
362
112
539
199
4,960r
60
53
56
82
121
10,48^-r
2,Q44
13,872
3,456
370
593
13
278
3,366
760
737
22
41
1,2%
828
143
4,4'-'>7r
45
203r
31,459r
1,028
229
28
54
344
10,579
1,710
49
68
37
592
385
34
421
981
141
16,686
151
9
25
19
798
16
238
264
1,51'J
512
105
63,:'12r
42
611
64
131
1,372
667
85
802
510
127
90
375
85
530
207
4,671
64
60
61
95
114
10,764
867
14,102
3,145
284
3,332
869
739
18
39
1,260
81S
126
4,572
41
287
31,437
30
1,089
265
23
55
337
9,472
1,574
25
58
27
479
388
45
446
IW
15,471
126
10
24
13
797
11
249
248
1,478
604
125
729
,442
Mai', p
58
570
67
Ul
1,343
575
54
870
252
133
98
291
75
496
274
5,218
37
56
104
inq
1.-, „.
3.737
2.o<a
''44
13
316
3,294
849
733
29
39
1,241
783
144
4,223
41
137
32,055
5
1,124
317
32
53
328
9,486
1,736
32
74
45
463
409
52
401
1 . '8°
81
16,113
149
4
27
26
802
10
343
252
1
570
*^2
119
1
Oil
o5
809
96
Treasury Bulletin
.CAPITAL MOVEMENTS,
Section II
Table CM-II
■ Claims on Foreigners Reported by Banks in the United States
3. - Short-Term Claims, by Type and Country, as of April 30, 1977
Preliminary
(Position in niillioiiy of dollors)
Total
short-
term
claiiLs
Short-term claims payable In dollars
Short-term
in foreign
claims paya: L
currencies
Total
I/mns
Collections
outstanding
for acGO'int
of report-
ing banks
and doirestic
customers
V9/
Accej.'t-
ancee
marie for
accourit
of
foreign-
ers
Other
Total
I>5 posits of
reporting
banks and
domestic
customers
with
foreigners
ao)
Foreign
government
obligations
and coiraner-
cial and
finance
paper
Country
Total
Kore i(jn
banks and
official
instl-
tut ions
Other
Other
'.12;
Europe:
Austrli
Bel glum-LuxeiBbourg
0'
470
s:i
126
1,510
5 'A"
70
^•i,6
-80
142
QO
36:i
116
4n6
291
5,9i9
■il
51
63
log
10(1
oO
^42
79
125
1,470
493
69
879
361
138
89
J55
110
382
287
5,833
31
49
63
07
"8
..1
196
44
23
525
228
17
408
63
68
12
138
70
137
136
1,324
18
14
55
12
17Q
37
12
501
202
9
326
33
44
12
82
58
101
133
1,178
17
11
55
0
17
7
11
,:f_,
.\-
82
2'-'
25
56
12
36
146
1
2
9
11
117 ■
62
32
140
14
10
94
22
47
18
202
6
18
8
75
28
10
13
90
52
o
74
18
56
66
47
6
3
131
38
2
6
36
13
102
13
1
■ni
195
20
257
2 32
^t
1
75
11
195
1
4,269
7
15
5
3
3
128
4
1
39
97
1
67
19
4
1
c
6
114
4
106
1
1
10
2
so
4
1
31
84
37
14
4
1
8
5
108
1
87
1
*
*
*
*
"'9
1
*
DerjTv'ir-:
Fl- l.ir.'!
e
12
■
*
Spain
Sweden
Swi tserland
0
2
19
1
•
Poland
¥■
U.S.S.R
10
2
Total Europe
12,026
11,412
3,55
505
1.001
658
6,194
614
4"^^
*
l'-'-^
Canada
'■,Lii':'
■ . OQ?
5."-
-rn
2
1-7
58°
R3
■_1
- -r,=
I^tm America;
■r-rr'ina
Chile
14,150
S1S9
419
565
13
J12
3,301
75':
756
22
1,180
742
146
5,05Q
54
IgQ
871
14,127
3,179
419
562
13
312
3,282
•'49
751
22
35
1,164
741
146
4,966
54
186
362
1,554
1,367
113
405
541
5
16
849
237
45
789
38
59
190
1,5^-
984
55
271
107
1,485
205
446
5
9
203
101
692
1
i6
172
16
383
58
134
90
1,343
268
94
7
646
136
45
97
38
13
135
9
501
li
40
86
28
19
16
8
141
130
3
13
13
17
192
5
1 , 0? '
31-
45
184
1
7
156
327
97
1
«
11
183
12,559
289
52
24
203
7
4
17
47
1
4,163
2
101
2
23
Q
5
16
1
94
1
7
*
4
1
2
15
9
3
Cuba
*
«
Mexico
10
#
5
«
*
11
Other Latin American Republics.
British West Indies
89
#
*
Total Latin America
31,758
31,582
9,877
6, ''^7
3,540
1,239
2,7'3
17,734
I76
2°
1
li6
Asia:
China, People's Republic of
3
1,099
337
24
il
2P7
9,597
1,807
:-6i
30
468
1,275
15,759
2
1,099
329
23
41
286
o,l42
1,807
62
48°
::60
30
468
1,270
1
87
55
516
201
6
14
13
99
91
23
62
476
1,7 -8
1
70
4 ■!
137
4
12
8
72
83
23
58
382
1,347
17
49
10
22
85
64
2
2
5
27
8
5
94
391
66
31
10
13
19
3,080
22
15
7
2
21
36
7
57
315
916
75
3
3
205
4,296
1,550
1
27
6
318
8
*•
322
330
8,061
1
29
152
4
8
7
1,249
34
g
13
14a
1 °82
1
1
1
1
255
1
5
278
1
5
1
i
2
China, Republic of (Taiwan)
1
3
India
_
Israel
¥>
u
«
2
Pakistan
Philippines
^
»
Thailand
»
Other Asia
i
Total Asia
15,481
■,7C0
263
•
li
Africa:
146
27
35
783
8
564
1,570
141
7
27
34
772
8
562
1,551
85
6
13
6
231
6
275
623
'■1
6
76
6
186
36'
4
11
155
89
260
4
1
5
6
81
1
136
233
9
22
450
1
145
670
9
«
10
6
25
5
11
1
18
-
-
5
Liberia
7
Other Africa
1
Total Africa
4
-
li
Other cour.tries:
892
119
1,011
883
117
1,000
59
23
82
30
3
33
30
20
49
73
28
689
32
721
62
35
Q
2
6
2
-
All other
-
101
Q7
11
8
-
3
65,809
64,124
16,468
11,357
5,112
6, '0-6
12,f'70
2 ",370
1,686
86?
332
i90
International and regional:
2
*
2
5
2
2
5
2
2
2
5
•
-
-
-
-
-
"
Latin American regional
"
African regional
5
-
•
-
-
-
-
-
-
65,814
64,129
16,473
11, -'-2
^,112
•:,3 06
12 , 979
28,3TC
1,686
863
332
490
Less than $500, CCO,
Jinic 19^7
97
.CAPITAL MOVEMENTS.
Section 11
End of
calendar
or month
year
Claims on Foreigners Reported by Banks in the United States
Table CM-II-4. - Long-Term Claims by Type
(In millions of dollars;
1957
1958
1959
1960
1961
1962
1963-May 1/ .
1963 i''
196;; y
1965
1966
1967
1968
1969
1970
1971
1972 l^
1973
1974
1975
1975
1976-Apr
May
June , . ,
July. . .
Aug
Sept...
Oct
Nov. .. .
Dec . . . ,
1977-Jan
Feb
Mar. p. .
Apr. p..
Total
long-term
claims
111
1,174
1,362
1,545
1,698
2,034
2,160
2,293
2,379
,:,fli7
i,0»
^971
4,. ^85
4,517
^,180
1,925
3,567
3,250
3,075
3,657
4,95^
5,063
5,996
7,179
9 , 5 "br
ll.fabOr
10,013r
10,252r
10,2n2r
10, ■:72r
10 , 927r
ll,180r
11 , 32ur
ll,''°7r
11 , 660r
ll,t.84
11,82Q
12,201
12.481
Payable in dollars
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.d.
2,293
2,260
2,379
2,345
2,834
2,781
. 3,028
2,811
3,971
3,777
4,. 283
3,995
4,508
4,211
4,162
3,915
3, '909
3,635
3,552
3,158
3,232
2,806
3,050
2,698
3,645
3,345
4,914
4,539
5,023
4,588
5,924
5,446
7,099
6,490
a,41or
8,316
ll,512r
9,c-i5r
9,898r
e,514r
10,137r
S,811r
10,080r
8,756r
10,230r
8,880r
10,794r
9,359r
ll,038r
9,55 3r
ll.ieir
Q,672r
ll,450r
Q,847r
ll,512r
^,9J5r
11,534
9,053
11,618
10,131
12,012
10.426
12,280
10,557
Total
(3)
Official
inst itut ions
. itut ]
560
730
725
7.23
703
716
793
702
669
528
502
504
575
833
844
1,160
1,328
1 , 375
l,447r
1,337
1,379
l,374r
1 , ■40r
l,362r
l,325r
l,337r
l,391r
l,447r
1,430
1,561
1,649
l,o72
Banks
(5)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
273
273
397
397
701
729
628
512
323
237
209
235
315
4 30
430
591
931
1,567
2.212
1,654
1,727
1,743
1,850
1,979
2,039
2,115
2,171r
2,212
2,178
2,218
2,192
2,218
iDth»r
farei)-:TiT-r
n.a
n.a
1 , 328
1, )42
1,659
1,585
2,372
2,550
2,7'30
2,702
2,642
2,393
2,095
1,9 58
2,455
3,
3,
276
314
3,594
4,231
5,374
'-' , 2Vbr
5,D2 3r
5,705r
5,640r
5,580r
6,018r
6,189r
5,220r
6,285r
5,276r
6,345
6,352
6,585
Other
long-term
claims
33
33
54
217
297
247
274
394
426
352
300
375
4 35
478
609
.103r
,577r
1,28-r
1 , i26r
1, •:24r
1, ■:5ar
1,4 <6r
l,485r
1 , 50or
l,bOir
l,577r
1,581
1,487
1,585
1,723
Payable in
foreign
currencies
9
18
15
15
18
25
22
40
40
72
80
116
148
116
115
121
13 3
133
142
139
147
148
150
211
190
201
1/ Data on the two lines shovm for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are coinparable to those shown for the following date.
Not available.
Preliminary.
Less than J500,000.
Revised,
98
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-5. - Long-Term Claims by Country
f iV>.';i». Im at. ond ol' porlo'J in mJUtonj of Jollai-nJ
Co\ir,try
Europe:
Austria
DclgiuiB-Luxembourg. . .
Denmnrk
Finland
France
Gerraony
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
Poland
U.S.S.R
Other Eastern Europe.
Total Europe.
Canada
Latin Amerieo:
Argentina
Bahamas
Brazil
Chile
Colombia
Cuba
Ecuador
Mexico
Panama
Peru
Trinidad and Tobago
Uniguay
Venezuela
Other Latin American Republics.
Bermuda
British West Indies
Netherlands Antilles 1/
Other Latin America
Total Latin America.
Asia:
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan).
Hong Kong
India
Indonesia
Israel
Japan
Korea
'alon'lar year
rhilippines
Singapore
Syria
Thailand
Middle-East oil-exporting countries
Other Asia
Total Asia
D-
Africa:
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Oil-exporting countries 2/ •
Other Africa
Total Africa . .
Other countries:
Australia
All other
Total other countries
Total foreign countries
International and rerlonal:
International
European regional
Latlii American regional
Asia regional
African regional
Total International and regional...
Grand totHl
3
22
29
22
174
106
89
61
20
47
8
113
28
3
39
148
72
5
1...'
1-
136
87
1
1 ■'-•
n.a.
251
103
n.a,
n.a,
n.a.
n . '1 .
18
543
i,582
16
n.a.
n.a,
2
88
31
219
154
23
177
5,092
5,9°6
23
13
50
25
191
83r
198
110
23
13
14
,614
258
103
12
n.a,
n.a.
1 ■■-
IT
19
384
53
1
74
39
62
176
,170
23
17
60
53
175
63r
241
■■'1
174
51
1 -^
144
? /l
1,795
150
14?
151
269
9,'^%r
23
11
Hdr
95r
201
109
.■;9i-
41r
193
34
1,''16
L'Ul
<<4
••■1
l.ili
11^'
245
4
11
101
43
li-l
5
20
146
112
l,e82r
10
i:-
i/ Through December 31, 1975, Surinam included with Netherlands Antilles
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Truclal States).
^ Includes Algeria, Gabon, Libya, and Nigeria.
1976
24
9
61
58
201
109r
185.
lOf.
24
344r
3,284r
201
155
1,524
213
?5
118
224
4
17
17
341
54
':5
14 i
201
2 ^D
21
20
141
109
11
11
ll,'62r
23
11
65
67
.'.I.-
24
326r
4?
3,232r
156
1,51'-.
201
94
21
1.411
UP
245
4
15
11
101
48
345
54
-;o
206
Irl
5
20
146
112
1.882r
236
ll,625r
26r
1
■ Less then ;
p Prel iJBlnar:, .
n,a. Not available,
r Revised
23
318
210
151
,■■'54
192
Q2
1
lit
2i7
45
27
102
!b'3
270
1
160
5
19
117
If'
I-.:
1:
. .1
ILI
t'^b
1-2
,--1
253
11
,649
U,!"/.
22
318
50
7
90
868
216
18
245
393
221
93
4,
79
1,438
113
243
7
324
272
45
30
102
7
4,906
333
51
26
146
206
363
263
22
79
4
162
14
17
123
27
l,e41
14
19
205
13
253
82
206
;3
60
1
5
68
11,829
24
21'
57
63
384
93
190
102
31
38
21
389
53
6
99
924
227
U
281
392
205
3.616
204
148
1,629
170
93
84
1,401
128
241
8
316
296
45
33
102
7_
4,908
4
J41
52
26
138
202
417
273
20
80
4
137
10
«
21
152
18
IC
1?
204
13
247
100
211
86
-'.■.)0
12.134
60
1
4
2
JuUilCflJ
99
.CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-6. - Long-Term Claims, by Type and Country, as of April 30, 1977
Preliminary
(Position in millions of dollars)
Country
lot-il
lom:-trr
clain.:
Long-term claims payable in dollars
Long-term
claims
payable in
foreign
currencies
f5)
Europe:
Austria
Belgium-Luxembourg
Demnark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
Poland
U.S.S.R
Other Eastern Europe
Total Europe
Canada
Latin America:
Argentina
Bahamas
Brazil
Chile
Colomb ia
Cuba ,
Ecuador
Mexico
Panajna
Peru
Trinidad and Tobago
Uruguay ,
Venezuela ,
Other Latin American Republics.,..,
Bermuda ,
British West Indies
Netherlands Antilles ,
Other Latin America ,
Total Latin America ,
Asia:
China, People's Republic of (China
Mainland)
China, Republic of (Taiwan)
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Other Asia
Total Asia
Africa:
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Other Africa
Total Africa
Other countries:
Australia
All other
Total other countries
Total foreign countries
IntemationEil and regional:
Intemat ional
European regional
Latin American regional
Asian regional
African regional
Total International and regional,...
Grand total
1 Less than $500,000.
24
25
57
68
U?
Q7
187
91
31
37
n
54
6
78
964
236
19
267
1,626
175
92
94
1,456
121
2?7
1
7
331
296
60
30
102
346
61
24
156
213
416
266
20
80
4
145
21
IS
19Q
23
290
V-i
'-''j '
?5':.
i;
,414
20
18
57
68
«?
97
186
91
25
37
•il
408
53
6
69
Q57
235
1°
266
■;Q7
1Q7
213
14^
1,625
175
02
91.
1,456
118
237
1
7
327
206
60
12
102
^46
61
24
156
209
414
262
1,°5;'
8
18
199
23
249
26
1
4
2
19
18
57
55
i94
91
185
77
25
36
15
405
53
51
400
10 5
IQ
346
'96
IT
140
1,4°4
101
86
88
1,130
106
223
1
6
317
278
60
12
98
6
201
Y:-
21,
133
204
410
165
1
79
4
110
14
17a
IQQ
21
174
82
13
20
6
1
14
1
16
2
18
557
41
1
20
1
132
72
4
126
12
11
10
18
146
8
23
5
4
35
6
75
13
18
41
1
100
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-1. - Liabilities by Type
(In mllllone of dollar^}
End of
calendar year
or quarter -end
month 1/
1 utal
1 labilities
Short-t''r:r iialjillt
Payable !:
dolTarr
Payable in
foreign
long-term
liabilitieii
1957
1958
1959
1960 ZJ
1961 -Mar. _2/,
June 2/.
Dec
1962June 2/,
Dec. 2/,
1963
196<Wune i/ .
Dec
1965 2/
1966
1967 2/
1968
1969 2/
1970
1971 2/
1972 2/
1973
197i
1975
1976 Uor
June. ,. .
Sept
Dec. p. . .
566
.'.99
■hi.
57/.-
V56
778
-33
T78
-17
798
805
763
725
1,78A
1,815
2,'?y?
?,5n
4,428
5,780
5,863
5,901
6,659
7,017
7,889
10,262
10,419
10,236
10,043
9,982
491
440
581
485
507
583
600
673
684
678
626
665
637
644
626
622
585
1,089
1,371
1,386
1,608
1,786
2,124
2,677
2,704
2,763
3,119
3,414
4,002
5,917
6,006
6,350
6,301
6,318
6,476
428
368
512
424
437
510
525
563
572
569
527
551
508
513
471
441
556
827
1,027
1,039
1,225
1,19°
1,654
2,181
2,229
2,301
2,635
2,948
3,290
5,017
5,402
5,700
5,676
5,702
5,867
71
69
61
70
?;■
Ill
113
99 1
114 \
129 ^
130 j
151
144
144
75
60
83
89
83
94
155
151
148
210
/ 136
V 147
262
329
343
347
414
428
382
1,129
187
471
1,725
2,304
496
3,102
475
463
3,159
3,138
484
466
3,540
3,603
713
3,886
900
605
650
625
3,879
4,256
4,069
3,935
615
609
3,725
5.vK
:]ote: Brealts in series arising from changes in reporting coverage which
amount to 35 million or less for any year are not shewn; in such
cases, only the figure cornparable to that for the following date is
shoim.
i/ Data are sho^m for calendar year ends and for most recent five
quarter ends for which figures are available. Data are also shown
for earlier quarter ends when the reporting coverage i:vK-.\y.^'.'. .
2/ Data on the two lines shwm for this* date differ because of
changes -in reporting coverage. Figures on the first line are
comparable in coverage to those shown for the preceding date:
figures on the second line are comparable to those shoim for
the following date, p Preliminary.
Jinie 19^7
101
.CAPITAL MOVEMENTS.
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-2. - Short-Term Liabilities by Country
( : o : L
loll at Olid
Tl" ].ji'-rii:'n In
mill lull.: or
dollar:: !
Orilendar yea
1975
1 ~>^'r,
Country
VT-l
1 '■■ ■ I'
,.,
0 ''■'.;
leo.
!.'ar:h
.illllB
0.:.-pt.
Deo. P
Europe:
li'
11"
10 ■:
11-.
y:
104
;-oo
2
75
q
lo?
llj'
102
9
79
12
122
3
949
7
2
1 , ■. o-|
88
7
4
150
160
10
10 J
lOS
14
4
77
13
105
4
1,11S
7
2
3
139
Q
140
.;o
'-!::'
105
9
13
75
48
102
10
951
16
3
o
20
524
04
10
Ml
313
l-'4
117
q
19
56
41
138
8
1,256
40
5
48
lo
14
299
9
14
149
149
19
172
114
20
81
29
130
25
998
76
8
20
11
6
296
12
10
205
152
25
125
162
23
3
63
25
159
14
929
91
6
23
10
2,344
13
233
12
7
159
228
29
116
I'/O
22
3
51
24
213
20
846
108
7
10
It.
15
133
13
21
185
256
28
128
141
24
5
36
35
241
16
739
113
8
19
14
2,270
166
Finland
4
198
173
48
97
141
29
13
40
34
137
13
810
123
7
9
13
Italy
Netherlands
Switzerland
Turkey
Other Western Europe
U.S.S.R
Total Europe
1.011
l,'o.
;,oio
2, "'41
::.::siu
2,122
Canada
l.-'l
01""-'
015
2o;
'.W
290
313
369
324
3"b
Latin America:
IR
289
??
1.'.
7
2
16
3:
19
323
35
IS
8
1
27
5
6
17
35
10
7
19
396
35
9
7
1
26
18
4
7
17
39
10
4
428
64
12
9
46
13
15
2
36
51
6
38
374
118
22
14
60
21
14
2
49
S3
26
101
36
277
96
14
17
32
16
29
3
100
71
35
138
ai2
41
376
91
11
16
92
10
30
163
71
58
214
1,170
42
330
90
15
19
12
31
3
184
95
55
130
1,077
41
2'11
53
lo
11
74
10
32
3
222
100
68
129
1,011
33
Bahamae^.''
260
Brazil
65
Chil"
17
13
Cuba
*
95
34
25
4
219
Other Latin Amprican Republics..
137
10
Other Latin America
101
v^
^19
=,o^
■;'oO
922
1.017
China, People's Republic of
(China Mainland)
1
v
11
10
10
17"?
13
3
i.;i
11
12
7
12
12
149
2U
I'-
ll"
32
26
12
7
15
19
225
21
16
Hi:
42
34
i\
14
25
095
37
17
1 -■'■
17
92
19
7
60
50
347
75
05
10
6
97
17
7
137
31
295
69
14
18
1.031
5
110
23
9
141
26
307
53
18
18
1, 002
8
124
28
10
133
34
290
62
18
11
1,:J35
7
129
33
11
144
32
275
28
23
1,263
20
China, Republic of (Taiwan)
112
40
23
136
Israel
39
223
53
Thailand
24
Other Asi?
1,326
Total Asia
410
410
■'.PI-
70:--
1 ,0 37
1,721
1,733
1,"52
2,02"
2,:i3o
Africa:
1
I
a
3
7
1
3
8
1
10
15
14
lo
11'
3
14
43
l-'
112
37
8
100
2 Y-.'
30
7
113
34'"
002
22
32
88
12
25
42
65
24
276
27
43
54
Zaire
36
Other Africa
433
Total Africa
M.
0.0
190
30(0
^^27
432
;-.0
13
597
Other countries:
1-;
1.,
-;1
lo
50
17
13
12
57
All other
■0.)
'.0
.;4
cO
■'to
73
65
44
07
76
Total foreign countries
^,7( :i
3,119
3,414
4,000
5,759
5,731
6,132
6,055
6,131
6,267
International and regional
.
.
158
276
219
246
186
203
2,763
3,119
3,414
4,002
5,917
6, 006r
6,350
6, 301
6. 313
6.476
1/ Data in two columns shown for this date differ because of changes in
reporting coverage. Figures in the first column are comparable in
coverage to those shorn for the preceding date; figures in the second
column are comparable to those shown for the following date.
2/
1/
Through December 31, 1972, Bermuda included with Bahamas.
Through Decanber 31, 1975, Surinam included with Netherlands
LesG than $500,000.
Preliminary.
102
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United Sto'es
Table CM-III-3. - Short-Term Liabilities, by Type and Country, as of December 31, 1976
Preliminary
(fcsltlon in Tiilllions at 'loliarc;
Country
Total
Short-term
liabilities
Payable In
dollars
Payable In
foreign
currencies
SUra^:
IC
166
7
4
198
173
l,B
97
141
29
13
40
34
187
13
810
123
1^
109
6
4
182
136
48
82
133
28
13
28
29
137
9
742
123
q
li
3
57
Finland
16
37
Italy
16
Netherlands
g
1
12
5
50
3
68
United Kingdom
1
U.S.S.R
Other Eastern Europe
Total Europe
2,122
1,843
279
Canada
376
195
180
38
260
65
17
13
95
34
25
4
219
137
10
101
37
234
63
16
12
*
91
33
24
3
216
133
10
100
26
2
Brazil
Chil-*
*
**
4
1
1
Panama
4
4
Other latin American Republics..
Other Latin America
2
Totnl Iflt in Ain**rVn
1,017
973
"■"
Asia:
China, People's Republic of
(China Mainland)
20
112
40
23
136
39
228
77
53
1,326
20
112
27
22
136
38
176
77
53
23
l.i08
China, Republic of (Taiwan)
1
12
1
India
1
52
Korea
Thailand
\
17
Total Asia
2,080
1 993
Africja:
27
43
54
36
43?
27
42
52
33
427
1
2
2
11
South Africa
Zaire
Total Africa
^97
581
16
Other C9untrles:
Australia
57
19
55
2
1
All -W.'-r
"(-■
3
6,267
' C"^
International and regional
208
208
-
6,47f-
■ ,'•"
Less thar. ;'
Jinw 7977
.CAPITAL MOVEMENTS.
Section III
Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-4. - Long-Term Liabilities by Country
105
I losition at end of
period in
millions of dollars)
Calendar year
12',''-.
1976
Country
I'-^-l
!■-'■ . 1
I''"
l'-.7.
fipc .
Maivh
.Imie
Oept.
Pe.-'. r.
Europe:
,''.1
-■]
.'•1
10
.:<A
s
78
20
152
21
55
361
20
152
207
5
175
'•■b
21
'.,Q2
150
21'--.
1,112
1
266
474
1
144
21.?
1
■:0
590
1,233
1
Q
10
1^4
58
■^06
1
37
202
1
31
522
*
1,';04
1
I'T
10
170
48
446
1
214
1
6
31
484
1,577
1
20
135
29
47
425
1
71
314
6
32
467
1,493
1
20
10
150
26
46
406
1
75
270
*
6
38
327
*
1.445
20
169
Denmark
31
Finland
France
41
396
Italy
258
Portugal
Spain
5
Sweden
38
Switzerland
260
1
1,406
Yugoslavia
1
U.S.S.R
Other Eastern Europe
16
Total Europe
2, '-■^'2
2,560
2.01
2 , 701.
3,034
i,2iji
3,114
2,992
2,. 320
2,696
Canada ,
'-
'-
I'.i..
103
152
144
166
111
.36
Latin Ainerica:
1
1
1
1-,
2
lu
1
250
1
1
1
11
1
i,
1
1
1
1
1
11
1
1
1.9
1
1
471
1
1
1
*
1
7
5
r\
1
17"
1
1
7
1
7
1
210
1
1
0
20
1
184
•s
1
1
6
4
*
2
7
27
11
1
157
5
1
1
6
4
*
2
27
11
1
132
5
1
1
3
2
7
27
45
230
1
138
Brazil
Chil"
1
1
Colombia
Cuba
X5
2
Other Latin American Republics..
Netherlands Antilles i/
Other Latin America
9
23
45
Total Latin America
■lA
2'
srr,
216
2Dq
24a
222
241
Asia:
China, People's Republic ol
1
1
1
0
..21
s
1 ,
1
5
1
1
■^12
1
6
1
1
397
.32
1
1
4
394
8
1
1
4
388
8
87
1
1
4
402
8
82
498
China, Republic of (Taiwan)
1
1
India
*
5
397
8
1
Q
Other Asia
Total As i a
'■ 1
4-..-
4'JD
40^
489
423
Africa;
Egypt
7
6
-
1
1
2
*
*
1
V
1
»
•
1
1*
Other Africa
1
Total Africa
2
2
2
2
2
Other countries:
-;■
74
1
6t:i
']
64
64
57
All other
1
0
....
06
'■'
64
64
■^8
Total foreign countries
.1 ■-'
.540
■ . tiO
■ , .28d
3.S79
4,256
4.069
3,935
3.72^
3, 506
International and regional
-
-
-
•
-
-
-
-
-
-
Grand tot.i 1
.1 •2
i,540
3,879
4,25l.
4, .'iO'2
-.; ■'i~./'.
'•.-■"
3,506
1/
Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shovm for the preceding date; figures in the second
column are comparable to those shown for the following date.
2./ Thi'ougli December 31,
i/ Through December _31,
* Less than $500,000.
p Preliminary.
19^2, Bermuda included with Bahamas.
1975, Surinam included with Netherlands Antilles
104
Treasury Bulleth?
.CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-1. - Claims by Type
rind 01'
calendar year or
quarter -end month
1/
1958
1959
1960 2/
1961 -War.
i/
June
2/
Sept
. 2/
Dec.
1962 -June
2/
Dec.
2/
1963-l!ar.
2/
June 2/
Dec.
2/
196/. -June
2/
Dec.
2/
1965 2/..
1966
1967 Zj'.
1968
19W 2/
1970
1971 2/...
1972 2/
-
Ijl^.
1976-Mar
Sept
Dec.
Total claims
,SSl.
5,572
8,068
. 9. 960
12,529
1 5 , m'-'
17,ljn
\i,ifl
18,161
19,130
■ili ] Uiru; of duller:;,
nhort-lcm rlalT.
2,282
2,131
2,188
2,4.-0
2,776
2,853
2,397
2,299
2,946
3,011
3,783
3,710
4,159
5,]<"
5,0CL,
5,723
6.294
8,471
11,263
12,151
12,698
13,847
13,190
14,148
iuj'Lible i:.
dollars
720
568
705
605
1,432
1,505
824
875
1,248
1,305
939
968
1,496
1,528
i,ia
1,208
l,f<!
1,6' ;
1,323
1 , 340
1,636
1,335
1,807
1,974
1,475
1,598
2,051
2,098
1,625
1,668
2,113
2,162
1,712
1,758
1,677
1,739
1,778
2,000
1,952
2,306
2,338
2,000
1,911
2,225
2,529
2 , 599
,',173
3,124
3,532
3,579
4,5^5
4,467
5,074
5,643
7,584
10,241
11,048
11,713
12,912
12,211
13,212
;' with bankc
In reporter's
88
68
58
71
76
89
122
126
131
132
178
208
214
217
201
204
201
199
220
219
189
205
16'Z
166
201
203
368
221
244
234
318
289
411
.2.93
493
473
564
478
496
493
379
Oliier short-tei-m
elfiims payable in
ro-'>^i('n jurreric 5 Of:
63
32
549
560
233
248
193
194
192 1
192^
151
153
168
212
2I2
200
200
191
211
262 1
260 ]
281
310
229
222
236
216
209
241
365
383
348
333
244
2>i
548
539
508
439
487
557
Long-term
claims
223
304
344
354
385
396
399
406
453
636
704
758
769
'/23
734
815
962
1,081
1,169
1,139
1,256
1,537
1,570
2,215
. 63
3,118
3,068
3,370
^666
4,057
4,544
4,984
5,17"
4,970
4,982
!loto: Br«a!!s in series arising from changes In reporting coverage which
n_,...^. .^ ;^ million or less for any year are not shown; in such
•he figure comparable to that for the following date Is
i/ ::b*^ ht'.' :^hQwn for calendar year ends and for the most recent five
quarter ends for which figures are available. Data are also shown
''or 'iarlter quarter ends when the reporting coverage changed.
2/ r>a*a on the two lines shofn for this date differ because of changes
in reporting coverage. Figures on the first line are coaiparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
p Preliminary.
jioie nn
103
.CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-lV-2. - Short-Term Claims by Country
::-ooit,ion at end of jieriod in millions of 'Jollar;
Count 3:^
Europe :
Austria
Belgiura-Luxemhourg
Demnark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.H
Other Eastern Europe
Total Europe
Canada
Lfttin America:
Argentina
Bahamas 2/
Brazil. ."
Chil'-
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics
Netherlands Antille:^ _2/i
Other Latin America
Total Latin America
Asia:
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan)
Hong Kong
India
Indonesia
.srael
Japan
Korea
Philippines
Thailand
Other Asia
Total Asia
Africa:
Egypt
Morocco
South Africa
Zaire
Other Africa
Total Africa
Other Goimtries:
Australia
All other
Total other countries
Total foreign countries
International and regional. ,
Grand Total ,
Calendar year
1'"'71
1 '
1":
U
1^
1
SI
99
.',1
, 000
1/
1:"
21
1^7
1.044
12
14
2?
41
1
1-^0
1'-
^1
12
187
1-
1 '
I'i-:
1,. 1 J
12
1:
V
2
502
■>■{')
1
Til
95
lr,J
1M7
'-.''•"-",
I
o,2'iA
• 1
ICC
lAO
1?
11
l^'l
104
IM
l,<-.-Q
ll'i
:■!';
QV
1:3
.'-',.',"1
1/':-'
l.'O
81
}lj7
308
i,a
193
199
17
138
24
3SA
101
11,21.
1..
1!?
■:9
91
291
355
3;
180
iL.?
.;i
44
A07
62
1,901
36
14
I'.Q
70
36
49
1
362
Ql
41
4
178
1'.9
12
tOl
164
110
39
14c
54
1,130
263
96
22
549
J,d31
10
93
24
256
102
39
12,151
17
lib
35
36
355
305
41
406
176
58
45
516
80
,280
30
13
10':
27
47
1
332
4
156
170
35
100
66
60
155
42
1,161
105
106
20
638
22
10
80
17
193
30
138
363
358
47
335
146
52
22
432
84
270
31
2,599
28
14
1,150
462
46
57
1
332
101
39
4
186
184
10
437
23
215
104
51
160
53
1,169
131
114
19
6^31
2,727
2o
12
83
25
230
H,84i.'
13,847
21
195
26
139
413
492
56
358
142
43
28
336
62
254
23
,363
30
17
81
417
26
66
1
352
83
35
22
215
179
9
444
11
136
88
53
193
48
1,008
142
93
23
624
2,41'J
36
9
78
112
67
13,190
21
163
50
79
426
377
51
383
162
49
40
369
89
241
25
,437
26
19
156
85
5,250
44
l,3b8
682
34
59
1
332
74
42
5
194
270
9
442
23
199
96
55
209
41
912
120
86
22
567
,330
28
10
87
21
245
14,148
1/ Data on the two coluiTins shovm for this date differ because of changes
in reporting coverage. Figiores in the first column are comparable in
coverage to those shown for the preceding date; fig'ires in the second
column are comparable to those shown for the following date.
2/' Through December 31, 1972,
i/' Through December 31, 1975,
p Preliminary.
- Less than $500,000.
Bermuda included with Bahamas.
Surinam included with Netherlands Antilles.
106
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-3. - Short-Term Claims, by Type and Country, as of December 31, 1976
Preliminary
(Position in million:: of dollars)
To*al
short-term
claiffls
Payable in
dollars
Payable in forel^ cvirronclt!.';
Country
!-■! ;'.t,R wtth banks
abroad In reporter's
own name
Other short-terro
claims payable In
foreign currencies
16;i
50
79
426
377
51
383
162
49
40
369
89
241
25
2,437
26
19
156
85
1-
97
50
79
414
354
50
370
145
48
39
357
83
206
23
2,323
25
18
156
82
55
H
2
7
2
10
»
8
3
23
2
89
1
*
4
11
«
Finland
•
10
16
1
Italy
11
7
florwdv
1
»
4
3
Switzerland
12
Turkey
United Kingdom
25
«
1
U.S.S.R
5,250
4,938
204
139
Carj'i
2, «9
2,088
65
Utln Ajterica:
44
1,368
682
34
59
1
332
74
42
5
194
270
9
442
1,355
654
34
58
327
73
40
5
188
257
8
438
9
27
1
1
H
K
2
2
7
Brazil
2
Ch'.l"
5
1
K
,^
4
6
V,--- :^tin Aniepican Republics..
nt.hAr lAtin Amf»T'1f»n
1
Total Latin Anerica
'}. ''5V
3,430
'2
2',
Asia:
China, People's Republic of
23
199
96
55
209
a
912
120
86
22
567
23
196
88
49
208
40
791
118
85
22
'51
1
2
5
1
»
33
1
w
3
«
China, Republic of (Taiwan)
2
6
India
1
1
1
88
1
1
1
Phi 1 ipp ines
Thailand
Other Asia
Total Asia
2,330
;,:-!
49
1 ' '^
Africa:
28
10
87
21
245
26
S
80
19
238
1
1
2
4
1
South Africa
Zaire
Other Africa
Total Africa
390
372
3
Other countries:
106
65
100
63
All other
Total other countries
171
It. 3
1
14, 14V
13,211
3"^
—
International and regional
1
1
-
-
-•'..143
-.;:;.
j-q
l.ess than J5CJ,iXX).
jm/c nrj
107
^CAPITAL MOVEMENTS
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-4. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Type
(In
millions or iJL
liars 1
Total
short-term
liquid
claims
(1)
Payable in dollars |
Fa,yable in foreipn currencies
Total
Deposits 1
Short-term
investments 1/'
(5)
Total
(6)
Deposits
or month
i^emand
(3)
Time
(4)
Demand
(7)
Time
(8)
Short-term
investments 1/
(9)
1965 £/■'
( z
f 1,07:-
^1,1.
i,6^e
\ 1,401
1.141
f l.b48
3,164
:<,357
3,793
',419
4,433
4,964
5,196
4,947
5,178
5,140
4,725
4,897
5,123
5,419
5,158
5,575
6,266
QUI
1 , 306
l.Obt-
1,-3.32
1,d15
1 , Obb
2,625
2,660
3.038
4,802
3,750
4, 2b9
4,520
4, 323
4, 566
4,559
4,078
4,326
4,601
4,802
4,742
4,941
5,67-!
10
19
58
uu
btj
28
557
549
699
?fn
1,192
351
114
57
48
133
133
87
116
161
150
203
127
169
55
37
69
332
373
393
412
426
345
360
419
370
391
387
373
368
377
455
219
168
177
178
• '32
250
269
294
■<54
(02
350
408
539
097
755
617
683
696
676
624
612
581
647
571
522
617
616
634
614
45
45
40
50
51
90
86
69
77
77
92
1966
88
59
49
1967 2/
1968
49
60
76
1969 2/
174
183
173
234
2 34
307
340
435
429
509
332
430
428
441
426
419
368
438
339
307
332
308
336
312
1970
1,062
697
1,092
1,078
1,446
1,910
2,588
2,591
2,706
4,429
3,357
3,856
4,095
3,978
4,206
4,140
3,707
3,935
4,213
4,429
4,375
4,564
5,2ir
86
121
1971 2/
120
1972 2/
68
42
197!
68
105
197,4
268
1975
246
1976
286
Ig76-Mar
Apr
May
253
267
234
198
July
Aug
Sept
Oct
192
213
210
232
Nov
216
Dec
286
308
298
Feb
302
Note: Data represent the liquid assets abroad of large nonbanking
concerns in the United States. They are a portion of the total claims
on foreigners reported by nonbanking concerns in the United States and
are included in the figures shown in Tables CM-IV-1 through CM-IV-3.
1/ Negotiable and other readily transferable foreign obligations payable
on demand or having a contractual maturity of not more than one year
from the date on which the obligation was incurred by the foreigner
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage or classification. Figures on the first line
are comparable to those shown for the preceding date; figures on the
second line are comparable to those shown for the following date.
Table CMIV-5. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Country
f Position at end of period in millions of_dollare)
Calendar ye ir
1 1076
1
077
Country
1972
1973
1974
1975
1076
Nov.
Dec.
Jan.
Feb.
Mar.
25
n
17
21
012
562
137
114
51
IS
10
lb
b
1.116
765
580
306
10
12
15
1 . 350
067
001
308
134
bl
IJ
29
14
08
1 , 304
1,156
540
254
56
21
3
12
72
1,335
1,539
1,247
110
438
61
2']
4
10
122
1,693
1,552
1,059
1'6
414
■■8
21
3
12
72
1,835
1,539
1,247
110
488
50
59
11
3
14
105
1,851
1,291
1,31^
127
535
66
35
4
3
23
22
1,844
1,321
1,396
164
697
5,575
70
45
36
Italy
3
17
31
1,871
1,458
147
893
•3. 37^
s1d4
? ,T'7
3,793
5,41^
5.123
5,419
5,358
o,286
Note: Data represent the liquid assets abroad of large nonbanking con-
cerns In the United States. They are a portion of the total claims on
foreigners reported by nonbanking concerns in the United States and
are included In the figures shown in Tables CM-lV-l through CM-IV-3.
1/ Through Decanber 31, 1972, Benimda Included with BabMO^
g/ Includes the liquid claims of $500 thousand or more held by
concerns in any country not listed above.
reporting
108
Treasury Bulletin
CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in llie United States
Table CM-IV-6. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns,
by Type and Country, as of March 31, 1977
{Position \i\ million:^ oj" Jailn.i-cJ
Total
short-term
liquid
claims
S'ayablo In rlollars
'■ayyble in foreifm curr*?n'
In 5
Country
Total
Deposits
Ghort-term
investments 1/
Total
Deposits
Short-term
investments 1/
(1)
(2)
(3)
C)
<5)
(6)
(7)
Belgiuffl-Lujterabovirf;
-,-,
22
_
.
France
.'.5
/.^
19
26
«
-M
-
Germany
36
13
13
-
23
23
-
Italy
3
2
2
-
1
1
-
Netherlands
17
«
«
-
17
17
-
Switzerland
31
8
8
-
23
23
-
United Kingdom
1,871
1,468
1,815
1,215
1,809
8U
7
401
55
253
55
43
.
Canada
210
1,707
1,681
34
1,681
31
2
1-
26
113
9
39
16
74
All other countries g/
1
Total
..,;=-■.:
':.r"-
■-..■--■
rS!.
.■12
Note: Data represent the liquid assets abroad of large nonbanking con-
cerns In the United States, They are a portion of the total claims
on foreigners reported by nonbai^ing concerns In the United States
that are included in the series pxiblished in Tables CM-IV-1 through
CM-IV-3.
1/ Negotiable and other readily transferable foreign obligations payable
on iemand or having a contractual maturity of not raore than one year
from the date on which the obligation was incurred by the foreigner.
Includes the liquid claims of S500 thousand or more held by the re-
porting concerns in any country not listed above.
Less than $500,000.
June 19^7
.CAPITAL MOVEMENTS
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-7. - Long-Term Claims by Country
109
1/ Data on the two coliMins shorn for this date differ because of changes
in reporting coverage. Figiires in the first column are comparable in
coveraee to those shorn for the preceding date; figures in the second
column are comparable to those shoim for the following date.
(Position lit end of
peri.od in millions of dollars)
Calendar year
V-C
137.-
Country
1971
1972 1/
1073
1074
n-c.
ter.
June
3..pt.
Deep
Eurooe:
1
I'-i
1 ',
1?"
1 ■:
12
]_ ".;
".
I'l
V'-j'<
16
11
7
7
7
10
2
15
1
7
53
23
21
4'3
P-'O
42
44
3
304
11
4
11
11
12
6
57
37
15
,1
213'
47
59
306
3
'.
11
17
1,02...
12
43
2
10
58
34
13
211
6
10
26
47
56
3
349
0
15
It.
13'
44
1
12
57
35
12
36
211
14
14
23
47
56
365
10
17
15
13
39
1
16
58
73
10
36
211
14
13
26
47
54
1
298
10
3
17
13
11
37
6 6 j
26
7
43
^^
304
lo
o'?
34
101
l.j
13
43
9
37
5.1
3 30
331
13
25
2-.0
It.
20
59
72
9
Italy
34
156
17
13
33
50
57
Turkey
1
297
10
2
U.S.S.R
Other Eastern Europe
20
15
Total Europe
'. t2
;--7;^
n ^ =.
1,051
1,007
.:f7J
984
053
910
Canada
717
:131
1,141
1,172
l,,'O0
i,4:''.
1,473
1,'".16
1,511
1,534
Latin America:
174
217
A
30
225
7
■■-3*:-
30
(-,0
1.1
';
30
223
':.0
25
137
23'S
32
Ih
4
30
13
131
145
254
12
0
70
40
13
13
38
230
1
12
4A
10
137
435
13
0
153
112
1'3'
18
154
217
3
1
171
315
13
.0
216
115
26
IS
459
217
21
"7
132
312
22
9
209
115
28
18
539
278
21
37
164
306
20
9
187
133
29
18
m
20
171
244
23
9
219
138
33
19
302
289
28
2
j^S
36
Brazil
203
Chil"
248
33
9
40
273
Other Latin American Republics..
27
Other Latin America
2
Total Latin Ainerica
■>,^7
00?
.55
1,053
1, 334
l,t.33
1,770
l,t:.02
1,547
1,520
Asia:
China, People's Republic of
l'>
71
a
'■'.^
17
}■'
1
17
74
156
:35
i:,3
It.
:-73
40
1
16
75
133
65
63
4
31
li]
54
4
15
37
02
125
01
35
8
■-'3
4t.
7
11
33
123
112
164
33
6
04
24
122
00
197
5
91
53
4
5
23
129
91
195
93
5
37
48
3
6
23
161
193
92
7
3"
3
6
34
170
30
224
86
6
80
34
2
5
89
172
80
225
86
5
72
China, Republic of (Taiwan)
Philippinp-s
Total Asia
';7i
Si-,-1
511
613
t.31
669
.3.3',
710
73i7
771
Africa:
1
7r>
1
72
4
2
1
73
4
22
2
87
1
17
3
98
1
31
12
125
36
11
166
1
21
11
130
3
23
11
128
2
26
10
150
Total Africa
■37
87
115
127
l.:.S
21,
It •:
1.3.5
189
Other countries:
77
li'JO
20
5
32
17
20
I'O
21
10
19
33
17
,_,-,
105
34
3,662
40
40
4,533
??
56
53
52
4.965
51
"^,Cto'3
3,3bD
4,OS4
4/973
■^,171
5_l028
^.'7!:
International and regional
,
-1
3 . 370
4
4
5
4.544
6
6
6
7
T/'JbS
3,666
4.3157
4,033
' , 177
',0 34
4,070
4.932
2/ Through December 31, 1972, Bermuda included with Bahamas.
2/ Through December 31, 1975, Surinam included with Netherlands Antilles.
» Less than J500,000.
p Preliminary.
no
Treasufj Bulletin
.CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-L - Foreign Purchases and Sales of Long-Term Domestic Securities by Type
(In millions oi" doliarj; negative figures imiicale net uales by t'oreigner^J or a net outflow of
f! the United States)
Calendar year
or nonth
Marketable Tronsurj' brmds and noter
Net foreign purchases
K'Tetcn ccuntrles
Official
instl-
tut Ions
Ions
:t.her
foreign-
ers
13)
Inter-
national
and
regional
Gross
fore ign
purchase
(5)
Gross
foreign
sales
(6)
U.£. Govemraent
Corps, and a^^encie.-.
Net
foreign
purchase;
17)
Gross
foreign
purchase
(8)
Cross
foreign
sales
(9)
■ind other cecuritie
onln 1/
Net
foreign
purchase:
1101
Gross
foreign
purchase;
(111
Gross
foreign
sales
Hi)
Net
foreign
purchase:
(131
Gr;ss
foreign
purchases
nil
Gross
foreign
sales
1151
wss
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1 "577- Jan.- Apr . p
■1976-ADr
May
June
July
Aug
Sopt
Oct
Nov
Dec
1977-Jin
Feb
Mar.o
:. ,-■">
127
512
-728
671
-338
-76
-616
-a
-489
-45
56
1,672
3,316
305
-472
1,995
8,096
2,653
-338
238
1,205
815
729
1,315
1,019
576
735
510
1,505
936
369
-59
-20
-■'4'^
48
-380
-U5
-41
1,661
3,281
465
-642
1,612
5,117
2,682
457
263
717
421
229
709
823
36
95
56
30
51
59
123
-119
-22
277
57B
4
-18
54
20
23
361
.'73
165
224
532
-521
302
-315
-151
-427
-121
-161
11
-25
130
57
-165
101
180
2,702
-607
-799
-7
434
.:''l
.'Jul
773
-248
1,224
1,217
1,730
1,744
1,780
1,867
1,149
1,077
680
585
443
528
691
2,a4
4,358
2,738
3,382
8,898
25,610
9,968
1,639
892
1,704
1,762
2,776
2,651
2,691
4,021
3,790
1,932
3,099
2,811
1,188
528
1,603
1,231
2,508
1,196
1,487
1,153
1,296.
629
932
574
634
742
1,043
2,433
3,854
6,903
17,514
7,316
1,977
654
499
94?
2,047
1,336
i;672
3,444
3,055
1,422
1,594
1,876
n.M.
n.a,
n.a.
n.a.
n.a.
n.a,
n.a.
n.a,
n.a.
n.a.
n.a.
n.a.
n.a,
n.a,
n.a.
n.a.
n.a.
474
n.a.
n.a.
n.a.
n.a.
n.a.
n.a,
n.a.
n.a.
83
-2
95
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
761
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
142
58
156
40'
n.a,
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
59
61
61
107
17
73
50
-99
-51
9
176
38
1,011
313
1,964
1,202
956
703
1,381
1,961
l,039r
766
1,207
662
160
22
238
151
174
-13
238
-4
10
322
45
30C
369
442
317
308
256
461
675
1,553
2,243
4,446
3,054
2,499
2,967
4,723
5,828
8,621r
5,408
5,529
1,361
570
427
393
307
411
344
296
392
415
359
2iA
28i,
637
542
1,929
2,481
1,853
1,543
2,263
2,842
3,867
7,582
4,642
7C0
41C
156
237
154
U7
136
-56
363
202
323
111
198
-349
-413
-333
757
2,270
1,487
626
731
2,188
2,790
540
4,669
2,753
757
411
115
254
242
91
9
126
121
222
1,397
2,224
1,977
3,C67
2,260
2,724
3,076
3,720
4,740
8,033
13,118
12,429
8,927
11,626
14,361
12,767
7,636
15,347
18,227
4,823
1,595
1,212
1.432
1,124
1,226
977
i,;62
1,425
1,152
1,101
1,135
1,454
1,862
1,775
2,745
2,149
2,527
3,425
4,133
5,074
7,276
10,848
10,942
8,301
10,894
12,173
9,978
7,0''*'-
10, (-7?
l',475
4,056
1,284
1,097
1,178
1,353
971
1,U6
1,321
1,025
1,287
1,137
1,036
980
913
X' Dfttft Include transairtlana In iisues of states snd aunlclpalitles. Through
Deeaiber 1976, dats «lso Included trsnsactlons In Issues of corporatlcos
and other agencies of the D.S. OcrvemBsnt,
p Prellnlnaiy.
n.«. Not STsllable,
Table CM-V-2. - Foreign Purchases and Sales of Long-Term Foreign Securities by Type
'In millions of dollars; negative figures indicate net :.:ales by foreigners or a ne
Calendar year
or month
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976^.. . . _ .^^
1977- Jan. -Apr. p.
1976-Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1977-Jan
Feb
'.'.'1 r . p
p Prelljsinary,
r Revised.
Net foreign
purchases
of foreign
securities
(1)
-1,?63
-750
-645
-1,044
-728
-953
-685
-1,320
-1,695
-1,547
-915
-984
-622
-818
-2,034
-eu.5U
-8,976"r
-707
-382
-491
-575
-1,877
-489
-454
-369
-482r
-l,319r
-49
-483
-118
-57
t outflow of capital from the Ignited Jtat.es)
Foreign bonds
Net foreign
purchases
(2)
-1,026
-512
-562
-°44
-1,095
-928
-1,242
-914
-1,163
-1,380
-1,029
-951
_075
-1,- ■!
-2,218
-6,326r
-8,653r
-478
-422
-449
-532
-1,749
-478
-427
-368
-4eir
-l,323r
- 374
-56
-18
Gross foreign
purchases
(3)
889
945
883
802
1,093
991
915
1,198
1,778
2,024
2,306
1,552
1,490
1,687
1,901
1,474
1,035
2,383
4.932
2,626
342
373
281
440
333
363
452
455
570
818
581
628
599
Gross foreign
sales
:4)
1,915
1,458
1,445
1,262
2,037
2, CM
l,i"..-
2,.,..l
2,601
2,0:?
2,4^-7
1 25..
8,;08r
13,585r
3,104
76''
C-^Z'
^1 ■
2,18S
811
790
819
935r
l,993r
848
955
684
617
Foreign stoo^.s
Net foreign
purchases
'5;
-336
-238
-83
-370
-104
'•1
-157
-314
-517
35
-49
409
175
184
-188r
-323
-228
40
-42
-44
-129
-11
-27
-62
-39
Gross foreign
purchases
(6)
467
566
509
595
702
696
748
906
960
880
1,252
1,519
1,033
1,385
2,532
1,729
1,907
l,542r
1,937
654
182
1^^
128
123
126
132
167
217
181
130
187
157
Gross foreign
sales
S04
592
966
806
644
548
617
731
1,037
1,566
2,037
998
1,43<
2,123
1,554
1,723
1.730
2,259
883
143
240
205
257
134
153
133
168
213
199
238
249
197
]inic IT 7
111
.CAPITAL MOVEMENTS
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-3. - Net Foreign Transactions in Marketable Treasury Bonds and Notes by Cou
ntry
1/ Through Deoember 31, 1975, Surinam included with Netherlands Antilles. i/
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, P
and the United Arab Emirates (Trucial States).
Includes Algeria, Gabon, Libya, and Nigeria.
PrelijTiinary.
Less than $500,000. n.a. Not available.
'In million:: ■>■? d-ai.ir..
rir-j-'sitive :i
'urf-;; indicatt^ net ■..ale;.: by !' r":gii^-r
■Jl- 4 net -ut
!■■ ■.•■* .•:i;.it
il •■rviT. U.-
uilv'i 2fit^.
C.3lend
ar Year
1-V,
Coiiritry
197 -i
1975
1976
l'-"77
through
Apr. p
Nov.
Dee.
Jan.
Feb.
Mar. p
Apr. p
Eurocje:
*
5
-1
4
16
70
5
n.a.
3
17
--!
206
10
V'l
26
-129
7
n.a.
1
18
';i9
272
1
206
122
111'.
-IC'
346
10"
li.
•>?.',
-20
211
- 50
13
I'l
-40
13
-1
-I'-i
U
-1
-10
-19
-1
3
.35
37
6
20
104
200
8
-q
Denmark
Finland
France
Germany
-6
?18
Italy
2
Netherlands
Swi tzerland
Turkey
SI
356
U.S.S.R
Other Eastern Europe
-
Total Europe
■>■
200
1,2.2
1,17.'.
- -o
..■'4
,.,,
' -A
131
-.117
-IIQ
J 1
-141
0
n.a.
n.a.
n.a.
n.a.
81
20
1
1
1
fj
3
1
-i
115
44
-7
-15
1
145
-4
-1
7
-1
-7
- 16
109
5
-2
-1
,
115
_
*
_
_
_
_
-65
Other Latin American Republics
-5
_
-1
-
101
11.
1 '.
l-_
1
-21
111
(China Mainland)
-l,0'>i
n.a.
n.a.
n.a,
n.a.
n.a.
J 200 I
60
-227
n.a.
n.a.
.31
1,797
10
-1
-«.P3
-10
n.a,
n.-:i.
-21
77
3,gg7
466
SO
20
ol
1,505
-1
-506
n.a.
n.a.
40
-21
630
100
-10
n.a.
U..U.
146
140
-1
-5
5
30
31
124
_5
69
1
_
J17
40
''I
-.'''8
China, Republic of (Taiwan)
-
"
India
-
-
-
51
Korea
41
-
-
-
-
-
Middle-East oil-exporting countries ^
Other Asia
Total Asia
1,660
!.aV,
2,152
142
31.;
?■>'
408
Africa:
Egypt
-1
n.a.
n.a,
] ''J
n.a.
1"!
n.a.
221
-2ie
n.a.
11
n..a.
-
-IMj
-^■1
-
_
_
_
_
Oil-exporting countries 2/
Other Africa
_
Total Africa
170
221
-218
U
- 17
_!'-.(
-'-1
-
-"'
-
•
-
-
11
Total other countries
_,,.
-
-
-
11
Total foreign countries
- ^' V 'I
i,ci;
" , :■■'»
3,2'^'
-■-'
'-"
'-
1 . 16-;
1.004
International and reeional:
*--
-44
119
-587
150
43
250
2"4
-14
1
-2AS
-1
-1,382
-10
_
Asian regional
-
101
1-0
■,702
1-1-
2..1
-73
-"--'
-1.392
Orand total
1 , '-t^'^'
2,n<>'
2,6^' ■■:
576
5ir.
1 , 505
112
CAPITAL MOVEMENTS.
Treasury Bulletin
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-4. ■ Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country
Ttjsltlon nt end of perioj In millions of dollars)
Note: Data represent egtlmated official and private holdings of rmrkotoble
U.S. Treasury securities with an original OBturity of more than one year.
Data are based on a benchmark survey as of January 31, 1971, and the
Bonthly transactions report. Country detail nay not add to the area
Culendtir 'j':uv \
I'-.
■V
l^'T/
Co. intry
\'r7i.
I'TT;
1976
N,v.
Dee.
Jan.
Feb.
Var. p
Apr. p
Europe:
Au3lr!a
10
1
m
9
»
6
9
1
251
30
493
76
n.a.
5
18
215
16
i.e
I
275
55
363
«3
n.a.
J.
1^
1
36
45
764
268
J.9
1
191
261
4e'j
198
n.a.
4
14
1
17
85
746
288
49
1
192
291
433
178
n.a.
4
14
1
36
45
764
288
49
1
191
261
485
198
n.a,
4
2,3.-:o
14
I
18
55
764
287
49
1
191
271
476
179
n.a.
4
14
1
18
58
789
367
49
1
168
324
512
178
n.a.
4
17
U
1
24
79
893
5
387
49
2
188
317
713
186
n.a.
4
14
Donmork
Fl r.lanil
1
18
79
1,112
5
Italy
388
49
K
Spain
2
188
397
m
United Kingdom
1,069
Yugoslavia
177
Poland 1/
U.S.S.R
Other Eastern Europe
n.a.
4
Total Europe
fB5
i,i;e5
2,33"
2,3a3
■ , 505
•;i--
?Q^.
2'r
2 50
y±.
'"
— t
268
Latin Anerica;
n.a.
n.a.
n.a.
n.a.
4
1
n.a.
4
3
n.a.
n.a.
161
6
1^
n.a,
21
n.a,
149
12
n,a,
n.a.
lie
11
5
n.;t.
21
n.a,
149
4
n.a,
n,a,
115
11
302
5
•
n.a.
21
n.a,
149
12
n.a.
n.a.
lis
11
312
4
n.a,
20
n.a.
149
n.a,
n.a.
125
15
4
n.a.
20
*
n.a.
149
5
n.a.
n.a.
121
2
4
*
*
n.a.
21
n.a.
258
10
n.a.
n.a.
120
,
4
*•
Chile
«
115
Cuba
^ 1
Mexico
21
,
n.a.
103
'In American Republics
5
Other Latin America
119
100
200
312
315
29a
405
, ,-j
. eople's Republic of
1
♦
3,498
n.a.
n.a.
n.a.
n.a.
n.a.
208
61
¥
n.a.
n.a.
n.a.
31
n.a.
n.a,
2,005
71
2,687
n.a.
n.a.
n.a.
10
n.a.
n.a.
78
6,486
1, 321
73
2,587
2
n.a.
n.a.
n.a.
10
n.a.
n.a.
78
6,200
71
2,687
n.a.
n.a.
n.a,
10
n.a,
n,a,
78
6,486
'-1,323
70
*
2,682
n.a.
n.a.
n.a.
39
n.a.
n.a.
78
6,771
70
2,806
n.a.
n.a.
n.a.
39
n.a.
n.a.
78
7,345
10,330
71
3,123
32
r. . --1 .
r-.-i.
n.a.
n.a.
7E
7,726
*
„
Indie.... !..!.]!!"..!"!!"!!
71
larael
»
Japan
3,174
72
Malaysia y
Pakistan X/
Philippines
29
Singapore ^
Syria y
Other Asia
8 052
Total Asia
?,7n9
•j , 370
'-,n50
9,^ 37
11,058
11,476
Africa:
n.a.
n.a,
152
n.a.
n.a.
*
322
n.a.
n.a.
^43
543
n.a.
n.a.
543
54 3
n.a,
n,a.
543
5^3
n.a.
n.a.
50-/
501.-,
n.a.
n.a.
357
n.a.
n.a.
306
Liberia 1/
n.a.
n.a.
Other Africa
106
Total Africa
1^1
J21
356
305
105
Other countries:
■
11
•
All other
■-
■
■
.
11
2T
5.557
7,J72
12,765
1^,337
12,765
13,014
13,746
14.930
16,024
IntemationHl
97
53
!22
9
2,<iC5
128
2,655
71
2,<i05
128
3,180
lU
;,94f
119
118
2,318
~
108
African regional
150
331
7,702
. ■-■1'' .
2,726
3,03 3
3,294
4,067
17,813
:,?19
2,426
5,708
15,798
15,06--
15,798
16,308
18,74-5-
totals or to Grand total.
1/ Holdings included in respective "Other" eeographlcal areas.
2/ Through December 31, 1975, Surlnan Included with Netherlands Antilles,
p Prelijainary.
• Loss than J500,000. n.a. Not avaUable.
Jinic l*-P7
CAPITAL MOVEMENTS
115
t\n n.illi
Sections V ■ Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-5. - Net Foreign Transactions in Long-Term Domestic Bonds,
Other than Treasury Bonds and Notes, by Country
^l" d'-jiiara; negative figures indicate net. 3ale3 by rorelt'ner:- ..>r a net i.iitflir.w of capital froin the United Gtat
Calendar year |
1
]"■- "' ■
C OUT. try
1974
1975
1976
lt'77
througli
Apr. p
Nov,
Dec.
Jan.
Feb.
Mar, p
Apr. p
E^jrope:
-1
-15
96
-I'j
18 -f
in
1
n.a.
b
1
82
-6
-T
_o
1
117
-52
-14
n.T.
-24
-10
-49
-3
-10
-2Q
5
158
-7
n.a.
1
5
-15
1
-10
29
-1
5
4
1
-1
15
-1
1
7
1
-4
1
-20
1
1 '■
n.a.
1
-5
-2
-1
-11
15
8
-1
-1
-?
4
-1
-2
26
-1
3
-2
1
1
1
-5
-4
DenmarV
Finland
France
Germany
-7
-4
United Kingdom
109
Other Western Eui'ope
Poland
U.S.3.R
Other Eastern Eui-opi?
-
Total Europe
7"lr
Hi
"1
4b--
8
.'81
75
1U2
a?
IPr-
oc,
7i.'
lij
7
11
55
-■'
6
Latin Ameri!!a;
1
-1
-2
n.3,
5
6
n.a.
1
2
1
n.a.
n.a.
'6
-1
O
2
2
10
-1
1
11
20
15
1
2
1
'<
2
'^
-2
9
-1
1
1
1
1
-1
1
-3
1
5
1
-4
1
5
1
-4
-1
1
2
-7
1
1
-3
5
-1
-4
1
1
3
-1
1
*
3
*
*
_
«
«
«
«
_
*
1
Other Latin American Republics
1
British West Indies
-2
*
Other Latin America
-
<1
-4
7
27
-'
8
1
3
Asia:
China, People's Republic of
f China Mainl'ind)
-1
1
-264
n.a,
n.a.
n.a.
n.a,
n.a.
^^ 'f
J 892 V.
6 ■:2
-48
n.a.
n,a,
1,553
2
-137
1
n.a.
n.a,
-32
1,179
1
-12
1
*
*
538
1
n,a.
n,a,
-6
74
-.iO
n,a,
n,a,
-15
-21
1
59
1
1
-10
-7
-1
-7
1
48
China, Republic of (Taiwan)
-
"
-
-
*
3
-
*
*
-
*
*
-
"
Middle- East oil-exporting countries 2
Total Asia
1 , 518
1,014
528
bD
-65
60
-15
42
442
Africa:
n.a,
n.a.
) :f
n.a,
5
1
n,a.
-26
.
n,a.
1
n.a.
-15
•
•
•
-
Liberia
South Africa
Zaire
-::
-2
-14
"
Australia
10
1
-21
-
•
-2
♦
■
-
*
10
1
-21
.
■
-2
•
•
•
Total foreign countri es
l,'j::?:r
1,7 V,
1,248
1,068
110
6
73
326
112
553
-4Q7
li
-1,0 m
1
5
-46
tl
-12"J
15
-17
21
-6
lij
-
;o
24
-
Total international and regional
(irand total
-.',8-:
-1.02Q
-41
.7
-11'.
-
-'
''-'
l.OjQr
766
1,207
1,1. '.o
-
10
78
140
'^8
1/ Through December 31, 1975, Sur
2/ Includes Bahrain, Iran, Iraq,
Lnam includec
Kuwait, Oman
with Nether
Qatar , Saud
lands Antille
i Arabia, anc
the J/'
P
United Arab E
Includes Alge
Preliminary.
mirates ^Truc
ria, Gabon, L
Less
ial States),
ibya, and Ni
than $500, 00(
eria.
). n,a, Nr
t available.
114
Treasury Bidlletin
.CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-6. - Net Foreign Transactions in Domestic Stocks by Country
(Ir. millions oi" J^lUr^i; negative riKurcji W.dlcute net Gule:; by forel^^rer; or a iicl r-utrii. ul' ;a'jit.al ;"rQm the United States)
Country
Cnlonrfnr Yeor
1977
1Q76
Mar. p
Evirope:
Aiistria
Belfriiim-Luxeabourg. . .
Denmoric
Finland
France
Germany
Greece
ItaO^
Netherlands
Norway
Portugal
Spain
Sweden
Swi tzerland
Turkey
Unl ted Kingdom
Yugoslavia
Other Western Europe.
Poland
u.s.s.a
other Eastern Europe.
Total Europe
Canada
Latin AjserlcQ:
Argentina
Bahamas
Brazil
Chile
Colombia
Cuba
Ecuador
Mexico
Panama
Peru
Trinidad and Tobago
t-'ruguay
Venezuela
Other Latin American Republics.
Bermuda
British West Indies
Netherlands Antilles 1/
Other Latin America
Total Latin America,
Asia;
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan)
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Middle-East oil-exporting countries^
Other Asia
Total Asia.
Amco:
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Oil-exporting countries ^.
Other Africa
Total Africa. .
Other countries:
A'ustralla
All other
Total other countries....
Total foreign countries....
International and reirJonal:
tntematlonal
European regional
Latin American regional..
Asian regional
African regional
Total international and regional.
I'lrand t.otal
-1
59
-5
203
39
7
-3
330
-10
3
-3
-1
36
-3
-377
-45
17
5
-2
-45
-1
} .: {
n.a.
n.8.
) ;{
■'1.0
11
84
5
-1
262
251
10
m
359
-2
13
2
899
594
-1
n.a.
361
2
7
1
-1
1
1
6
15
2
2
-1
-18
-22
1
87
2
22
13
n.a.
1,640
10
9
10
15
1
Ir
-40
-2
1
256
68
3
-4
-199
-8
-100
1
340
16
n.a.
-1
3
1
35
-4
1
-1
16
-1
75
-15
45
5
54
7
-3
67
n.a.
n.a.
13
,7*^1
3
-2
15
27
1
-12
2
1
1
3
-i
130
177
1
2
5
1
-8
3
41
13
1
-25
-13
-3
-29
-4
-44
-2
-1
5
2
18
-1
-11
i/ Through December 31, 1975, Surlnani Included with >!'*
g/ Includes Bahrain, Iran, Iraq, Ku«bU, Onan, ^tar,
the United Arab Enlratea CTruclal Slatea).
2/ Includes A!,"'-
p Prellminar:/,
" Less than S'
37
24
-3
-35
2
-18
-2
-1
27
1
1
-1
24
-1
39
130
1
1
-1
-1
-1
-1
100
2
-10
-7
-3
-5
1
3
1
23
-1
2
12
-5
-10
30
55
1
1
-1
12
14
.
•
-]
10
7
'
•
"
•
-
•
-19
-6
-5
m
«
-
1
■
•
■
*
-
•
-1
_2
4
_
»
-
»•
•
^0
17
07
•
"
1^
.^0
!::■
.
-1
•
.
*
■
•
•
■
-?
.
-
*
-1
-
1
1
-1
1.--
llr
::.:-.
*;
I
-
_
-
-
_
-
-
_
-
-
_
-
2
5
i
126
121
2??
-6
38
1
-3
-7
-1
-1
38
47
1
-5
1
18
r Revised.
} II lie IV 7
.CAPITAL MOVEMENTS-
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-7. - Net Foreign Transactioi s. in Long-Term Foreign Bonds by t:ountry
ncjicate net sales by ror- ii'neri: ' )i- a net outflow of cat)ital Trom the United Ctale^l
utiv. fiirm-e
115
Co'intry
Calendar year
1977
through
Apr. p
I'T'"
Apr. p
Europe:
Austria
Belgixiro-Luxembourg ..
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
Poland
U.S.S.R
Other Eastern Europe.
Total Europe
Canada
Latin America:
Argentina
Bahamas
Brasi 1
Chile
Colorabi a
Cuba
Ecuador
Mexico
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin American Republics.
Bermuda
British West Indies
Netherlands Antilles 1/
Other Latin America
Total Latin America.
Asia:
China, People's Republic of
( Chi na Mainland )
China, Republic of [Taiwan).
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Other Asia
Total Asia
Africa:
Egypt
Ghana
Liberia
Morocco
South Africa.
Zaire
Other Africa,
Total Africa
Other countries:
Australia
All other
Total other cour.tries. . . .
Total foreign countries....
International and regional:
International
European reg ional
Latin American regional.
As ian reg ional
African regional
Total international and regional,
r.rand total
II
-?^
1
-1
-1
-Vj
n.a.
I
-11'"'
n.a.
ri . a .
n.a,
1
n.a.
I
,2ie
16
b
1
2S
1":
-lOQ
n.a.
1
II. a.
n.a .
n.a,
n.a.
n.a.
2Ar
-t,i tr
-1^
10
-117
1
n.a.
n.a.
n.a.
n.a.
n.a.
10
-
■■:o
-lc.J
19
-1S5
-411
-«,133r
-h,75lT
-1,577
-an
-2?7
-2 , lo?
-l,'-«2
-S,6^3r
-77
12
-■:
-9
n.a.
-1
-
-
*
-iAt"!"
-21
-M=.,r
-'■''-
,
J
-56
2
-12
2)
2
1
2
4
IC
-123
-215
1/ Through December 31, 1975, Surinam included with Netherlands Antilles.
p Preliminary.
♦ Less than $500,000. n.a. Not available.
n
a.
*•
1
n
n
^'
1
n.a.
n.a.
n.a.
n.a.
n.a.
-197
-349r
-132
-ieir
-55
-IIQ
-U
n.a.
n.a.
n.a.
n.a.
n.a .
-l,323r
-2
11
291
-1
-3
-15
-9
1
-134
6
1
2
1
3
15
-6°
77
1
1
-1
-16
-146
-3
-13
-30
-1
-4
-3
-2
I
3
58
-11
-1
-13
3
116
Treasury Bu/Ietw
.CAPITAL MOVEMENTS.
Section V ■ Transactions in Long-Term Seturities by Foreigners
Reported by Banks and Brokers in ihe United States
Table CM-V-8. • Net Foreign Transactions in roreign Stocks by Country
■ :n DilHon.': or .ioll
ir::; necfitlvt
rlrur'^^ liidli iLc not :-■'*!
e;; by I'oreiri
or. or M net outl'low or ^^H
pltul fror-i the United States)
Calendnr yenr |
1976
1977
■r.o.mtry
197/.
1975
1''76
1977
through
Apr. p.
Nov,
Dec,
y...
Van . [
Apr.p
Europ*:
Alia tr I. 'I
-76
10
1
-1°
-1
n.o.
1
-1
-J
-.'4
2"
/.
1
-1
-1
/."
-7
n.a.
-lii
-119
If
1
18
-i:'7
-8
-1
5
-41
-87
1
n,a.
-."2
-2
-113
1
-10
-2
6
22
1
-1
-18
n.a.
-1
-14
1
-8
n.a.
-5
1
-1
-2
-34
-1
7
-6.
-54
-A
-8
-6
-1
1
-9
1
-5
Denmark
-
1
2
Italy
-16
•
1
•
-3
-
Unl ted Kingdom
-8
-
■
Poland
U.S.S.R
Other Eastern Europe
'.
Total Europe
-i5iV
54
-195
-151
5
-,'.,
-35
-7;
-It
-2^'
Canada
18
-100
-14
-14f
-5
-'•■:>
-■■■-■
-44
-42
Latin America:
n.i.
5
n.a.
n.a.
I
-2
n.T.
2
1
n.a,
1
n . ■! .
n..T.
-15f
6
-1
n.a.
10
-1
n.a,
n . '1 .
-8
-
n,a.
n,ti.
n.'j.
-1
-1
n.a.
n.ri,
n.a.
1
•
1
1
-1
Bahanas
-1
Chile
Cuba
Peru
Other Latin American Republics
_;
6
Other Latin America
-
11
-156
-,
1"
-2
>
2
1
-.
China, People's Republic of
-1
-1
;!
512
n.a.
n.ti.
n.a.
-9
n.a.
n.a.
J
-9
n.a.
n.a.
n.a.
*
n.a,
n.a.
9r
2"^
-2
^b
n.'i.
n,a.
n,a.
1
n.a.
n.a.
13
9
-1
c
5
-6
n,a,
n.a.
n.a.
n.a.
n.a,
2
1
14
n.a,
n.a.
n.a,
n,a,
n,a.
43
n
*
-1
-13
*
*
4
2
-7
2
.
•
6
India
"
-
Israel
-
U
-
Malays la
-
Pakistan
-
Phillpplr.es
•
-
Syria
-
-
Other !^ir,
1
'.06
2r
71
= s
1
15
45
-10
22
^"t^. ,
n.a.
n.a.
4
n.a,
n,a.
11
-1
n.a.
n.a.
12
-3
n,a.
n,a.
n,a,
n,a.
-1
1
-3
Zaire
Other Africa
3
li.
12
--)
-
-1
1
-■•
Other countries:
1
-
-5
1
-
■
-
i
All other
1
■
-5
1
-
-
-
1
184
-190r
-"•27
-22'--
-2
-
-10
-10=
-62
-3
3 "
IntematIor.al and retrlonal:
•
1
-
;
-
-
-
-
-
_
-
-
-
African regional
-
1
4
-
-
-
-
-
-
ISi.
-IfPr
-323
-228
-:
-
-19
-109
-62
-39
i/ Through Dccenher 31, 1975, Surinam Included with lietherlands Antilles,
• Less than »500,000,
p Prelloinary, n.a. Hot available, c Revised
jinu nn
117
.CAPITAL MOVEMENTS.
Section V ■ Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-9. ■ Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During April 1977 Preliminary
(
In iillli
ris <-..f i
jll-.rs)
Gross piirchases
by fore
gners
1
nross sales by f
areigners
Domestic securities I
Foreign
securities
[(Omestic securities 1
i'orei
-n
Total
pur-
chases
■'11
Market-
able
Treasury
', Federal
"inane ing
Ban>: bonis
':■ notes
Bonds
of U.S.
Corpor
other
te V
l''_'tal
sales
Market-
able
Treasury
& Federal
Flnanc ing
Bank bonds
4- notes
!9)
Bonds
of U.S.
CorpiiT-
other
ties
Country
Bonds
Bonds
1-
Corp. and
Federally-
sponsored
agencies
Bonis
3toc:-LS
jov ' t
Corp. and
Federally-
sponsored
agencies
10 >
Bonds
11'
Stock;;
.^tocS-.S
Eu£OEe:
44
29
11?
4
14
74
4
17
3^
1'
20
12
1E0
1
3
11
84
'1
1
1
1
1
1
•:1
1
•-3
9?
4
4=^
1
1
271
1^9
1
1"
1
28
44
2
17
1
2
9t:,
198
4
1
11
1
14
131
117
2
21
106
1
U7
1
■"1
24
11
16
■:0
11
9
4
1
1
35
14
?
^C
1
1 9
1
■"■1
1
2J3
112
I
30
3-
2
3'^
11
1
1
3)r"
\"2
Finland
-
-
9
22
•
U.S.S.R
Total Europe
2,1'-?
■>,E
llD
112
tee
427
l.'l?
133
"''--^
'', ■/:
Caflada
229
If
21
144
19
28
■:25
21
1
14
149
"n
Latin America:
1
:o
11^
11
11
1
9
22
t5
11?
lf>
-_
1
11
1
1
1
1
1
I
42
2
52
1
10
1
4
21
1
37
1
1
4
1
12
1
g
U
1
69
26
'-2
39
65
21
1
:
1
10
1
1
1
4
1
4''
1
1
,
"!"'■
131
21
122
89
12
246'
19
101
2?
(China Mainland)
IS
37
1
l.ri77
1.471
_
??
169
28
444
1:94
211
272
279
1-^
1
18
1
f
128
3
1
12
I
4
3
20
1
?P
18
15
SO
128
1
12
43
196
2
128
10
40
ICP
2
2
17
14
1
22
1
I
3
13
2
1
13
43
Korea .
Thailand
1
212
174
4'-
'■8
494
23t.
28
-
^
i.r
Alrita:
1
-
"
:
-
^
1
1
-
-
1
-
.
1
_
Total Africa
-'.
_
-
21
-
-
gther eotfitriss:
Australia
J3
32
12
-
;
1
20
-
:
-
1
1
,
1
2<
2,402
20
-
911
1
19-
i,J75
l,t43
328
433
1.13
,j2
1^-.
"48
131
International and regional:
?37
454
1C
3
17
1.881
75
36
1,992
4,394
1,866
10
2(-'
-
-
3
'
-
Asian regional
5e<
484
77
1-
1 . "•■
n
■
'Grand total
4,8?9
2,126
,0-,
4 36
1.13
599
15'
2,424
107
13t
913
617
197
» Leas than $500,000.
118
Treasury Bulletin
:apital movements.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-10. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During Calendar Year 1976
( ill raili icjri
; 'jT li.lifi
Gross pu
-x'hases
jy forelt::
ers
Gross
sales \y fcT*;,"
Total
purchases
rornei- 1 :
;-0''Ur:
.k-L-
FcT-i.jn securities
Total
sales
Doniestic
securities
Foreign securities
Country
Marketable
Treasury
trOnf:;" dnd
Cori-orate (ir.;
other
■■0:
15
:u...
Marketable
Treasury
Lionds and
nctes
Conorato and
olr.cT
■■cno:
StockE
ycnds
4:
:i2)
•z!ir,a::
6"
1,215
51
852
2,200
2,500
54
268
1,243
64
10
102
122
•■ .040
2
5,150
'45
n.a.
2
6
803
207
715
1
290
1
1
64
332
598
281
n.a.
'"'4
1
40
162
140
1
•2
73
5
ip
460
1,205
7
n.a.
eiD
5
1,423
1,281
52
1 '4
714
48
2Q
4,318
2
2,073
54
n.a.
1
26
277
22
4
•07
247
7
840
*
1 , ina
r, , 1 .
72
] 1 V
1
1
116
1,'28
1 , ->.: a-
■■ ,. 1
- ,. -1
16
8°
1°7
1
5
14^'
126
n.a.
U
108
3
50
123
190
4
43
102
7
302
1,183
14
■1
85 1
29
4
1,167
1,213
48
138
913
56
4,419
1,733
X
n.a.
270r
108
1. ■
1,'-
4
r..a.
1
65
11
Finland
220
99
n
Netherlands
*
3
«
-
United Kingdom
.■.'-<
-
«
Poland
n.a.
U.S.S.R
Other Eastern Europe
-
20,297
3,299
2,243
11,103
3 ,042
610
19,4it>
2,G54
2,152
10,767
3,490r
;,709r
1,005
C^ada ,
i.Ofifl
308
147
2,241
555
6?7
?,9^4r
447
251
1,916
651
Latin America:
2o
171
52
5
8
«
8
184
274
5
15
279
204
595
in
79<C
11«
2
*
*
1
1
145
151
25
19?
4
in
9
]
1
l"
181
8
11
?6
96
17
^t
112
"4
Q
17
541
437
1
8
46
40
?
r..a.
"•:8
16
3
n.a.
2
45
25
n.a.
n.a.
54
104
386
1
8
*
M
n.a.
13
3
n.a.
1
1
1
n.a.
n.a.
14
32
229
56
2
t
6
244
263
2
11
51
1
*
6
i-;
2
«
8
162
1.^
2
62
17
"4
5
n
77
n
4t>8
48
391
1
12
102
52
n.a.
155
15
1
n.a.
1
10
2
n.a.
n.a.
11
26
8
Brazil
1
n
■ j
1
1
Other Latin American Republics..
Bermuda
1
n.a.
Netherlands Antilles
22
2,778
52<i
382
1,437
49
2,418
412
289
1,282
389
46
Asia:
Chlna^ People's Republic of
(China Mainland)
13
468
2
8
74
1,803
41
34
n.a,
n.a.
IjO
1,044
2
120
8,800
12,631
37
552
41
n.a.
n.a.
l,jl;
lOS
4,502
6,340
1
ICi
1
n.a.
n.a.
1,972
11
577
1
33
n.a.
n.a.
25
2
1
3,273
5U
135
n.a.
n.a.
n.a.
32
n.a.
n.a,
10
148
425
.""5
506
n.a.
n.a.
n.a.
2
n.a.
n.a.
22
Q
1
•22r
■;i
36
n.a.
n.a.
498
486
2
32
1,943
fc,441r
27
1
i,i7;
51
r. . '■■ .
108
419
31
615
1
8
1
171
r; . a .
n.a.
:8
793
1,012
6
?8fa
1
510
1
'5
n.a.
n.a.
8
2"
2
1
450
1,352
2
26
2
292r
417
n.a.
n.a.
n.a.
381
n.a.
n.a.
76
l,196r
China, Republic of (Taiwan)
Hong Kong
12
*
5
-i69
Japan
Lebanon
Malaysia
Pakistan
n.a,
n.a.
1
Syria
Thailand
Other Asia
8
2,026
567
2,386
496
AfrK^:
3
2
n.a.
1
74
425
n.a.
276
1
24
2
n.T.
80
n.a.
n.a.
5
44
I". , a .
n.a.
1
n.a.
1
1°1
li.a.
55
n.a.
n.a.
1
5
n.a.
r-.a.
IC
GhAnfl
Liberia
South Africa
54
Zaire
Cither Africa
Total Africa
505
277
25
86
50
67
253
55
15
^'^
Other countries:
Australia
5?
24
78
;
1
31
5
36
21
19
40
1
512
-
22
j2
7
40
450
All other
•
1
I
51°
-
22
451
U,24^^r
6
40,377
10,747
5,024
18,176
4,^08
1,°?2
3e,r^''r
5,354
:-,776
l-^.^-c
2 25Q
15,417
3
438
14,567
295
121
51
409
3
5
13,722
593
5Q2
175
11,984
177
379
167
38
1,320
593
249
175
A£ian regional
15,858
14,863
505
51
4 •'4
5
15,082
12,160
545
19
2,335
1
Grand total
'6,214
25.610
5,52«
18,227
4,0'2
1,Q17
'■3,1'^'^r
J7.514
4,^22
15,475
«,«P'-r
-.'-"■
Leas than $500,000.
:■ Feviac
d.
June nri
119
.FOREIGN CURRENCY POSITIONS
Background
Data have been collected since 197*4 on the foreign
currency positions of banks and nonbanking firms in the
United States, and on those of foreign branches, majority-
owned foreign partnerships, and majority-owned foreign
subsidiaries of United States banks and nonbanking firms.
Reports cover nine major foreign exchange market currencies
and United States dollars held abroad. Reporting has been
required pursuant to Title II of Public Law 93-110, an
Amendment to the Par Value Modification Act, of September 21,
1973. and implementing Treasury regulations. Statistics on
the positions will be published monthly in the Treasury
Bulletin, beginning with data for December 1975.
The report forms and instructions used in the collection
of bank data were revised effective with reports as of October
29, 1975, for the weekly reports, and as of November 28, 1975
(the last business day of the ncnth), for the monthly reports.
The most reoent revision of the nonbank Foreign Currency
forms (see below) became effective as of the last business day
of November 1976 for the monthly reports on nonbanking firms'
positions In the United States.
Common Definitions and Concepts
The term "United States" means the States of the United
States, the District of Columbia, the Commonwealth of Puerto
Rico, American Samoa, the Canal Zone, Midway Island, the
Virgin Islands, and Hake Island. The term "foreign" means
locations other than the "United States". The term
"Worldwide" is used to describe the sum of "United States" and
"foreign" data.
Data for the United States include amounts reported by
sole proprietorships, partnerships, and corporations in the
United States Including the U.S. branches and subsidiaries of
foreign nonbanking ooncerns, In the case of "nonbanking
firms' positions", and the agencies, branches, and
subsidiaries located In the United States of foreign banks
and banking Institutions, in the case of the weekly and
monthly "bank positions".
Data for "foreign branches" and "abroad" include Eunounts
reported by the branches, majority-owned partnerships and
majority-owned subsidiaries of United States banking and
nonbanking concerns. In general, these data do not reflect
the positions of foreign parents or foreign parents'
subsidiaries located abroad except through intercompany
accounts. The data include the foreign subsidiaries of a few
foreign-owned U.S. based corporations.
Assets, liabilities, and foreign exchange contract data
are reported on the basis of time remaining to maturity as of
the date of the report, regardless of the original maturity of
the instrument involved. "Spot" means due for receipt or
delivery within two business days from the date of the report.
"Short-term" means maturing in one year or less from the date
of the report.
"Majority-owned foreign partnerships" are those
organized under the laws of a foreign country in which one or
more nonbanking concerns or nonprofit Institutions in the
United States, directly or Indirectly, own more than 50
percent profit interest. "Majority-owned foreign
subsidiaries" are foreign corporations in which one or more
nonbanking business concerns or nonprofit institutions
located in the United States directly or indirectly own stock
with tnore than 50 percent of the total combined voting power
of all classes of stock entitled to vote, or more than 50
percent of the total value of all classes of stock.
Reporting Threshold
The exemption level applicable to banks and banking
institutions is $10 million equivalent. The exemption level
applicable to nonbanking business concerns and nonprofit
institutions was $1 million equivalent on all nonbank forms
from March 1975 through November 1976, when It was raised to
%2 million equivalent on the monthly reports of positions
held in the United States.
Firms must report their entire foreign currency position
in a specified foreign currency if a specified United States
dollar equivalent value is reached in any category of assets,
liabilities, excheinge contracts bought and sold, or the net
position in the currency. In general, exemption levels are
applied to the entire firm in the United States and separately
to each foreign branch or subsidiary. In reports on their
foreign branches, majority-owned foreign partnerships and
majority-owned foreign subsidiaries, United States banks and
nonbanks are required to report the United States dollar
denominated assets, liabilities, exchange contracts bought
and sold, and net positions of those branches, partnerships,
and subsidiaries with reportable positions In the specified
foreign currencies.
Description of Statistics
Data collected on the Treasury Foreign Currency forms
are published in the Treasury Bulletin In ten sections. The
first section presents a summary of worldwide net positions
In all of the currencies reported. Sections II through IX
each present data on a specified foreign currency. Section X
presents the United States dollar positions of the foreign
branches and subsidiaries of United States firms which are
required to report in one or mare of the specified foreign
currencies.
120
Treasury Bulletin
FOREIGN CURRENCY POSITIONS,
Section I - Summary Positions
Table FCP-I-1. - Nonbanking Firms' Positions 1/
(
n millions oC
L"or<-ii:n curr*
x\cy miits;
Report date
BelRiun
franca
(I)
Canad ian
dollars
(2)
French
franca
(3)
German
marks
(4)
Italian
lira
Japanese
yen
Swiss
francs
Sterling
O.S.
dollars 2/
W
-Sect.
13,544
24,246
10,814
10,620
7,903
8,155
5,660
6,661
2t-4.- 39
492,216
294,952
222,516
-5,^01
-4,638
\,lix
1,878
-'■,U«
-6,7^^
Table FCP-I-2. - Weekly Bank Positions 3/
( In millions of
foreit^n currency units)
Belgian
Canadian
French
German
Ital ian
Jepar."^-?
..i..
Britidh
'J.O.
Report date
francs
dollars
francs
marks
lira
y::
!-r!iri:::7
pounds
dollars 4/
(1;
(■')
ir,
(4)
{5,1
iP.i
7/07/76
-l,19fi
Ui-
-4ie
1,234
53,31 ■
'■'• , '''-'
-■:9i
'■■^
7A4/76
-1,586
133
-654
1,673
3,911
52,722
-251
6
-28
7/21/76
-1,711
75
-473
1,403
27,181
65,059
-218
11
38
7/28/76
-1,535
""
-2^3
1,267
TO ',n,'_
49 , P76
-323
■>2
63
8/04/76
-838
~^:'jC.
1,912
;■■ ,r:a7
-?45
-.
-313
8/1 IA6
-588
-1^
-»1S
1,560
*.o,L;fc'H
5i,=07
-316
_^ -[
-218
8/18/76
-1,557
-51
-447
1,430
31,867
66,398
-320
;'^
21
8/25/76
-2,087
27
-397
1,688
25,095
50,830
-309
-;i
157
-1,090
= «
-519
2,414
U,911
69,942
-191
-70
-16«
-1,078
-447
2,141
22,527
66,585
-210
-55
-295
)) ^.■/ . ■..
-1,999
64
-285
2,107
-13,436
77,584
-131
-113
-290
9/22/76
-2,938
-16
-219
2,218
-23,148
73,678
*155
-111
-98
9/3Q/7*,
-2,215
-2
-344
2,010
-26,001
74,432
-70
-103
28
^ -
-1,245
12
-336
2,038
42
72,621
342
_-r, ,
-224
-2,173
79
-171
1,941
26,359
65,0^,2
368
_ ■
-352
-2,360
56
-384
1,723
17,-'=
71,Pl.S
■=S"
_•-,-
-98
-1,951
66
-482
1,468
-l,?-i-
"= , • :'.?
^"^O
_^r
-223
1-,. '-^. v_
-2,060
109
-"^55
1,644
.6,i..t;
•'-,P QOr
-■ "J
-181
U/10/76
-2,"
,^^
_^n
1,300
-15,—'
• ■ -■ "f
-121
11A7/76
-2,-
-?V
1,313
-31,^' •
11/24/76
-1,5-.-.
47
-146
1,188
11, <r;-
'■•■,-•'
A- 7
-..,.
85
12/01/76
-2,858
-56
-554
1 , 328
15,70t.
•- ■■;■ ■
17"
-6
189
12/08/76
-2,684
-5
-621
1,193
-2,00c
C '-'i37
ng
-46
267
12/15/76
-2,966
1
-564
1,121
9,17-
..f ?r^.
V'/O
-30
237
12/22/76
-2,041
56
-381
1,180
18, OK-
6- ,a?',
"•7^
-13
110
12/29/76
-■:,1Q2
80
-^44
1,H0
50,748
69,51?
-0^'
Table FCP-I-3. - Monthly Bank Positions 1/
(In millions of foreign currency units)
5-l[Tian
Canadian
French
German
Italian
Japanese
Swiss
British
U.S.
■ • h
■:rHTr'j
: -.-.-.rf
francs
n«.r>;s
lira
yen
francs
pounds
dollars 6/
1
\3)
(5)
(6)
(7)
(8)
(9i
■^y .:. :H
-7,3U
150
-663
599
-t,6.-'3
56,167
-577
.
272
-3,794
-5,343
-3,774
-5,323
-4,517
-541
-342
-476
-705
-563
1,482
1,479
614
861
868
-54,155
-68,919
-53,041
-36,768
-25,974
54,549
79,077
71,769
43,203
53,973
-673
17
271
-56
-76
-65
-62
-53
-30
-62
-?n'.
Sept
Oct
14
89
-15
78
Nov
"
Dot
iC Table PCP-X-3.
Jm/e 79^7
121
FOREIGN CURRENCY POSITIONS .
Section II - Belgian Franc Positions
Table FCP-II-1. - Nonbanking Firms' Positions y
(I
n millions
of Belgian francs)
Liquid
assets 2/
(1)
Short-
term
debt 3/
(2)
Short-term tr.jde
Other
assets 6/
(5)
Other
liabil-
ities 6/
(6)
For/zard exchange 8/
Net
position 9
(9)
Ex-
change
rate 10/
(10)
rot.iti.3n
at en.t
of n.ontl.
Receiv-
ables'" '
(3)
Pay-
ables 5/
(4)
Bought
(7)
Sold
Positions held
by
offices in:
July 1976
Aug. 1976
Sept. 1976
Sept. 1976
372
376
24,538
'71 O
2,884
2,853
45,039
?,of;'
822
839
74,188
7P4
868
1,239
47.189
1,17<
6,383
6,527
100,445
.'..'.36
1.3. .'^:'l
3,343
3,405
88,024
3,064
974
2,115
2,583
:--71
r,
3
I'.j
6Q.3
1.-- i
-4,116
-3,793
17,910
-/, /.8"f
39.2100
38.8430
37.6150
37.5150
37.6150
36.9650
35.7560
35.9300
35.9300
15.9300
United States
United States
Abroad
Sept. 1975
;-",i.:i
•''!-■' •'-
; '■.
.
Worldwide
Oct. 1975
Nov. 1976
Dec. 1976
Dec. 1075
■-44
23,549
2.492
3,1''"
3,615
36,410
2,807
■"■',?17
543
363
79,173
514
1,214
1,155
48,516
C182
V,494
7,045
96,701
7,004
3,224
2,830
88,847
2,792
Q1,6M
1,086
924
2,028
''•44
4
438
000
.•;03
-5,o.;2
-4,462
24,675
-430
24,246
United States
United States
Abroad
United States
Dec. 1"75
25,.:i4l
7''i,ei^'7
40 . 500
10^.795
3,f'7?
,CQ7
Worldwide
Table FCP-II-2. - Weekly Bank Positions n/
(In millions of Belgian francs)
Assets
and liabilities 12/
Exchange contracts 13/
Net position
Banks in U.K.
Banks in U.S
-^ .
Foreign
World-
wide
Foreign
World-
Foreign
World-
rate 17/
Assets
Liabilities
Net
net
net
Bought
Sold
Net
net
net
branch
15/
wide 16/
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
1°)
(10)
(11)
(12)
(13)
(14)
7/07/76
129
71
58
5,984
6,042
21,033
22,740
-1,707
-5,531
-7,238
-1,549
453
-1,196
39.702
7/14/76
110
12
98
8,186
8,284
23,021
24,949
-1,928
-7,944
-9,872
-1,830
242
-1,588
39.706
7/21/76
105
143
-33
7,069
7,031
23,097
24,931
-1,834
-6,908
-8,742
-1,872
151
-1,711
39.751
7/28/76
1S3
15
157
7,276
7,443
23,949
25,864
-1,915
-7,053
.8,978
-1,748
213
.1,535
39.528
8/04/76
195
12
183
7,380
7,563
'4-l^t
26,115
-1,771
-5,530
-8,401
-1,588
750
-838
39.204
8/11/76
8/18/75
S/25/75
139
107
3-
6, .=,16
5; 848
241271
-i;695
-5;741
-7,436
-1,563
1,075
-588
39.227
92
144
•^^
38
7,743
7,781
23,934
25,729
-1,795
-7,543
-9,338
.1,757
200
-1,557
28
116
7,578
7,694
23,245
25,248
-2,002
-7,779
-9,781
-1,886
-201
-2,087
38.715
9/01/76
9/08/75
9/15/75
9/22/75
9/29/76
178
130
211
74
185
15
33
12
285
43
163
97
199
-212
142
10,034
6,300
5,739
5,430
5,707
10,197
6,397
5,938
5,218
6,849
23,507
23,803
21,994
25,417
25,805
25,403
25,290
23,875
25,968
27,483
-1,896
-1,487
-1,881
-1,551
-1,678
-9,391
-5,988
-5,056
-6,605
-7,386
-11,287
-7,475
-7,937
-8,155
-9,064
-1,733
-1,390
-1,582
-1,763
-1,535
643
31^
-317
-1,175
-679
-1,090
-1,078
-1,999
-2,938
-2,215
38.737
38.786
38.402
38.001
37.954
10/6/76
10/13/75
10/20/75
10/27/76
130
206
183
207
145
19
22
117
-15
187
166
90
2,407
4.404
5,S.:.l
5,270
2,452
4,591
6,027
5,360
28,554
27,655
27,317
27,519
29,905
29,550
29,381
29,179
-1,341
-1,835
-2,064
-1,550
-2,355
-4,879
-5,323
-5,751
-3,597
-6,764
-8,387
-7,311
-1,355
-1,698
-1,898
-1,470
111
-475
-462
-481
-1,245
-2,173
-2,^60
-i,on
37.202
37.411
37.175
35.744
11/3/75
11/10/75
11/17/75
11/24/76
235
360
205
198
21
88
37
20
215
272
158
178
4,715
4,394
2,553
2,045
4,931
4,566
2,831
2,223
24,525
25,272
25,526
24,342
25,243
27,113
27,599
26,257
-1,518
-1,841
-2,173
-1,915
-5,393
-5,579
-3,088
-1,885
-7,0U
-7,420
-5,261
-3,800
-1,403
-1,559
-2,005
-1,737
-577
-1,185
-425
160
-2,080
-2,754
-2,430
-1,577
36.873
37.123
37.109
36.570
12/01/76
12/08/75
12/15/76
12/22/76
12/29/76
181
228
165
142
9
11
107
80
172
217
58
52
2,075
1,878
2,17a
..,001
2,247
2,095
2,237
2,063
22,830
25,890
23,059
21,550
24,295
27,395
24,252
22,505
-1,465
-1,505
-1,183
-955
-3,640
-3,274
-4,020
-3,148
-5,105
-4,779
-5,203
-4,104
-1,293
-1,288
-1,125
-894
-1,555
-1,396
-1,841
-1,147
-2,858
-2,684
-2,966
-2,041
36.755
36.555
35.483
35.114
167
57
110
1,484
1 , 504
21,372
23,176
-1,804
-2,°S2
-4,786
-1,694
-1,498
Footnotes at end of Table FCP-X-3.
122
FOREIGN CURRENCY POSITIONS
Treasury Bulletin
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16,046
42,341
39,021
28,530
8,640
3,667
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10,818
32,140
41,169
23,466
8,390
150
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June 7977
123
.FOREIGN CURRENCY POSITIONS.
Section III - Canadian Dollar Positions
Table FCP-III-1. - Nonbanking Firms' Positions U
f T
n millions
If Canadian
Inllars)
Liqu-V'
assets £'
fl)
Shorts
term
debt V
1.7)
Shorty te'
m trade
Other
assets^/
Other
liabil-
ities!/
Voz-f':- rd
.^■x.-hcJlge 8/
Net
poeitioni/
Ex-
change
r,3olO/
(10)
Posi ti-r.
BoviKht
Sold
Pos 1 t, i ons
at end
of month
Receiv-
ables 4/
Pay-
ables!/
1 .: '
held by
offices in;
July 1976
Aug. 1976
Sept. 1976
Sept. 1976
572
593
2,997
122
131
4,498
148
11,148
■:'94
3, '498'
20,307
15,489
871
493
741
1.4V-
515
1,781
l,716r
1,873
9,361
1.0251
1.0201
1.0280
1.0280
1.0280
i.ce89
0.0672
0.9894
0.9894
0.9894
United States
United States
Abroad
United States
Sept. 197-'
/
" '
' '
1, ■:-'
1 ■',8r>'-
Worldwide
Oct. 1976
Nov. 1976
Dec. 1076
Dec. 1976
3,206
545
lj4
121
4,660
I'Vl
' ,^56
'804
20,216
23,858
r4>'
849
l'.,616
■'.' 1
818
82?
708
1,741
1,616
1,707
1,797
8,923
1,807
United States
United States
Abroad
United States
Dec. 1976
-.V51
' .'"'4^'
11,''.', '
16,52-3
!,'■ '•-.
10,820
Worldwide
Table FCP-III-2. - Weekly Bank Positions
(In
millions
of Canadian dollars)
Assets
ind Liabi
Litiesl2/
Exchange contracts 11/
Net position
Banks in U.S.
Foreign
branch
World-
wide
BanKs in U.S.
Foreign
World-
United
Foreign
World-
Exchange
rate 17/
wide
States
branch A5^/
widel6/
Assets
Liabilities
Met
net
net
Bought
Sold
Met
oet
14/
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(3)
(9)
(10)
(11)
(12)
(13)
(U)
7/07/76
714
385
328
34
352
8,557
8,778
-221
^
-216
107
39
146
1.0321
7/14/76
691
389
302
31
333
8,931
9,142
-211
11
-200
al
42
133
1.0279
7/21/76
588
464
224
-7
217
8,713
8,902
-189
43'
-142
35
40
75
1.0273
7/28/76
692
395
296
-4D
250
8,497
8,749
-252
81
-171
44
35
79
1.0254
8/04/76
503
275
228
-46
182
8,959
9,187
-228
74
-154
.
28
28
1.0153
8/11/75
630
397
233
-81
152
9,116
9,376
-260
95
-165
-27
14
-13
1.0131
8/18/76
524
393
231
-88
143
9,073
9,401
-328
134
-194
-07
46
-51
1.0135
8/25/76
537
415
222
25
248
8,967
9,214
-247
26
-221
-2 5
52
27
1.0151
9/01/76
tjj
345
277
-100
177
9,447
9,747
-300
178
-122
-23
78
55
1.0243
9/08/75
356
297
-43
254
9,284
9,532
-348
120
-228
-51
77
26
1.0239
9/15/75
•j^-j
334
288
-60
228
9,407
9,720
-313
149
-164
-25
89
54
1.0258
9/22/76
689
373
316
-75
241
9,538
9,922
-384
127
-257
-68
52
-16
1.0260
9/29/75
693
397
2%
8
304
10,121
10,480
-359
53
-305
-53
51
-2
1.0290
10/06/76
573
372
301
-82
219
9,325
9,586
-361
154
-207
-50
72
12
1.0270
10/13/76
682
371
311
-14s
153
9,183
9,500
-317
233
-84
-6
85
79
1.0280
10/20/76
702
392
310
-48
262
9,211
9,555
-344
138
-205
-34
90
56
1.0279
10/27/76
740
444
295
-37
259
9,561
9,874
-313
120
-193
-17
83
66
1.0299
ll/n,</76
730
439
291
-32
259
9,488
9,754
-265
116
-150
25
84
109
1.0270
11/10/75
740
404
336
-15
321
9,783
10,143
-350
123
-237
-24
108
84
1.0241
11/17/76
988
622
355
-29
337
10,284
10,680
-396
123
-273
-30
94
54
1.0220
11/24/76
814
555
259
-19
240
10,442
10,708
-256
73
-193
-7
54
47
1.0060
12/01/76
851
593
258
16
274
10,438
10,766
-328
-2
-330
-70
14
-56
.9675
12/08/76
707
355
352
6
358
10,804
11,223
-419
56
-353
-67
52
-5
.9755
12/15/75
685
-5CQ
326
3
329
10,840
11,174
-334
5
-328
-8
9
1
.9857
12/22/75
758
432
325
29
354
10, "3--
11,165
-332
34
-298
-7
63
56
.9852
12/29/76
827
461
^66
^0
455
10,183
10,527
-"^44
-31
-37=
22
r'C
Footnotes at end of Table FCP-X-3.
124
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
O^ o CO
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O^ C^ CM CM r
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fM ->I t^ rH «D O
^-\ pn^ p^ .f\ r*\ ^*'
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»H C^ \0 f-t sO -^
C^ ', CM i-s ^ --r
° ?
5 g
E-
sia
ta. Q Q Q « O v_,
w r-« B B e >» *-
\, I O rH >^
§ b f^J -^ si
■P C 0)
C Q «
£ r^ 1 1
^ ft) --^
si..
4^ d ca
x: c^ T I
•H CO .
eg a
3 .H TO
s3s
5 t-^ O 6 O O H O (.'.
J= r-\ T I
+:> I Q CQ
.-_, flj3j3j: ._ __
j^a^*^*jt,r~ttaxr~ ^Q^4->-*Jt.r-<ar^ ■t?Q«-»*>*>tir-(0)c^
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"^ ^ f\\D t^ fC O^ r-(CM(-\^tr.»Or-TOO^ r-<rMC^-sr><>*Or^CDff- .-^fv(-"'-vr'/V'i)r-TO(T' r-»CVf^^»r*vOt^COO^ ^H(Mf*^^^^^^OC>-TO<^
June 19~7
125
.FOREIGN CURRENCY POSITIONS,
Section IV - French Franc Positions
Table FCP-IV-1. - Nonbanking Firms' Positions 1/
In millions of French 1
rancs)
assets i'
(1)
Shurt-
t»nn
dobt 1'
Short-term trade
Other
assets 6/
0 l.hf-r
liabil-
iUosI/
Forward
sxcheueeS/
!!et
position !>
(o)
E>:-
chanpe
rate 10/
(10)
at enf]
of month
Receiv-
ables i/
' 0
Pay-
ables 1/
(4)
Boui^ht,
(7)
r.olil
!' -■!
held by
offices in:
July lQ7c
AujT. 1976
Sept. 1976
Sept. 1976
2:14
5,004
137
208
9,683
216
;'>'o
281
21,521
'02
041
207
13,120
2 So
1.J2'-.
1,128
21,838
1.112
738
l'".,651
■''\
16,180
.-■07
16, or,,
918
1,109
9lo
1,957
2. ■512
-35ir
-1.007
9.151
-1,258
4.O140
4.9298
4.9432
4.9432
4.9432
4.9933
4.9925
4.9650
4.9650
4 . Ob50
iirdted States
United States
Abroad
United States
Sept. 1976
5,loi
.',-■:,-,
!^.' = '
■ , 02 '
4,4' '
Worldwide
Oct. 1976
Nov. 1976
Dec. 1976
Dec. W76
I'-Q
112
4,964
1-5
200
204
10,285
:.'44
10, •".•"-.
255
22,850
213
1"4
14 , 915
212
778
23,094
750
2 ,344
ofal
1^913
1,474
1.741
,215
-I. J43
-1,046
8,975
-820
;',ir.'.
United States
United States
Abroad
United States
Dec. 1976
5,]i:io
15,128
1 . •■■■ '■"■
Worldwide
Table FCP-IV-2. - Weekly Bank Positions n/
'I-
millions
of French
francs)
Assets
and liabilities 12/
Exchange contracts 11/
Net position
Date
[
anks in U.3
Foreign
bran'^h
net
World-
v/iije
net
Banks in U.S. 1
Foreign
branch
net
World-
wide
net
United
States 14
Foreign
branch
15/
(12) —
World -
?tidel6/
Exchange
Assets
Liabilities
Met
Bought
Sola
.■■iet
ratel7/
(1)
(2)
(4)
(5)
(b)
(7)
(8)
(9)
(10)
(11)
(13)
(14)
7/07/75
7/14/76
7/21/76
7/28/76
725
50 <
/51
"64
184
(45
140
141
157
202
321
1,011
777
974
739
1,152
034
1,176
1,050
n,92i
15,560
15,929
16,154
14,483
15,338
16,625
16,778
-562
-778
-695
-624
-1,008
-810
-953
-559
-1,570
-1,588
-1,649
-1,293
-421
-621
-494
-303
3
-33
21
70
-418
-654
-473
-233
4.7472
4.8228
4.9068
4.8972
8/04/76
8/11/76
8/18/76
8/25/75
331
28^
307
317
12'/
3'/
2s
204
248
232
200
442
916
1,093
910
645
1.154
1,375
1,200
15,030
15,354
1-',471
15,140
16,612
15,985
15,149
15,801
-582
-632
-578
-661
-294
-947
-1,144
-936
-376
-1,579
-1,822
-1,597
-378
-384
-396
-371
148
-31
-26
-230
-415
-4,47
-397
4.9285
4.9813
4.9738
4.9540
9/01/75
9/08/75
9/15/75
9/22/75
9/29/75
276
259
356
281
264
2'0
127
22
35
52
247
132
134
245
212
1.007
1.4 30
1,451
1,570
1,575
1,254
1,562
1,785
1,815
1,787
14, 865
14,439
14,234
14,085
14, 598
15, ''l;
14,937
14,771
14, 581
15,074
-d50
-498
-496
-475
-1,123
-1.511
-1,533
-1,538
-1,555
-1,773
-2,009
-2,070
-2,034
-2,131
-403
-355
-203
-251
-264
-116
-31
-82
32
-30
-519
-447
-285
-219
-344
4.9249
4.9237
4.8950
4.9044
4.9200
10/05/76
10/13/76
10/20/75
10/27/76
332
313
26''
332
69
25
26
72
263
238
239
260
1,452
1,588
I,';i3
1,693
1,715
1.376
1,7'^2
i!q'.3
15,289
15,335
15,334
14,351
15,880
15,914
15,015
15,d72
-591
-579
-532
-821
-1,450
-1,468
-1,504
-1,614
-2,051
-2,047
-2,135
-2,435
-323
-291
-393
-5ol
-8
120
9
70
-335
-171
-334
-482
4.9419
5.0100
4.9751
4.9950
11/03/76
11/10/76
11/17/76
11/24/75
239
299
37Q
230
"1
-3
30
168
221
294
250
1, 301
1,235
1, '47
1,953
1.400
1,457
1,841
2,213
14, 357
14,060
14,431
15,640
14,949
14,423
14,970
16,082
-''92
-363
-539
-442
-1,232
-1,139
-1,519
-1,924
-1,824
-1,507
-2,053
-2,366
-424
-147
-245
-192
59
97
28
44
-355
-50
-217
-148
4.9739
4.9863
4.9388
4.9888
12/01/76
12/08/76
12/15/76
12/22/76
l..'/2o/76
349
376
^61
3 3 :■•
222
6Q
172
I'';
P.P.
280
204
20S
24''
145
1,744
1,761
1,852
2.251
1,07:-.
2,024
1,965
2,050
2,496
2,118
15,398
15,182
14,753
14,810
15,122
15,021
15,829
15,380
15,379
15,515
-623
-547
-627
-559
-404
-1,955
-1,939
-1,997
-2,308
-1,958
-2,578
-2,585
-2,524
-2,877
-2,462
-343
-443
-419
-324
-^49
-211
-178
-145
-57
5
-554
-521
-564
-381
-.•44
4.9953
4.9925
4.9838
4.9838
4.9591
Footnotes at end of Table FCP-X-3.
126
FOREIGN CURRENCY POSITIONS.
Treasury Bulletin
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127
FOREIGN CURRENCY POSITIONS
Section V - German Mark Positions
Table FCP-V-1. - Nonbanking Firms' Positions
(In millions of marks)
Position
Liquid
assets 2/
(1)
:1hort-
term
debt 3/
(21
Short-term trade
Other
assets
(5)
Other
liabil-
ities 7/
(6)
Foi-ward exchanj^e — '
Net
position
(-)
Ex-
change
rate 10/
(10)
Positions
at end
of month
Receiv-
ables
(31
Pay-
ables 5/
Bought
(7)
Sold
(3)
held by
offices in;
•uly 107.
Au^. 1976
Sept. 1975
Sept. 1976
Sept. 1976
1,1'"
1,114
7. 4''4
1,;',09
7n
8:33
"*, 866
"14
26)
13,61=
243
273
9,546
408
i.'i25
17,916
1.116
19,032
■: , 374
3.336
16,152
3,273
19,42-
2,526
2,651
1,339
2,249
.',24
-as
1,088
■-39
U5
5 , 672
-12
2.5313
2.5265
2.4337
2.4337
2.4387
2.4003
2.4062
2.3600
2.3600
2 . 3600
United States
United States
Abroad
United States
'. '30
13, ''■!
'^."'■4
Worldwide
Oct. 1976
Nov. 1976
Dec. 1976
Dec. 1075
Dee. 1076
1,194
1,041
6,744
1.213
598
489
7,238
524
400
467
14,765
419
749
470
10,129
681
1.233
378
17,938
886
3,277
3,098
15,069
3.122
2,673
2,282
933
2.108
626
776
807
775
200
-165
7,137
-476
United States
United States
Abroad
United States
7,762
15,JK4
10,810
18,824
18, 1°!
1,582
i-.,f<.]
Worldwide
Table FCP-V-2. - Weekly Bank Positions ii'
(In mill
ons of nar
ks)
Assets
and liabl)
ities 12/
Exchange con
ract.s 13/
Ne
t position
p
anks in U.S.
Foreign
braneh
net
World-
wide
net
B!
n,:3 in U.S
.".ireii-n
branch
net
World-
wide
net
United
States
14/
Foreign
braneh
15/
',»orld-
"Weifi/
rata' y^/
Date
Assets
Liabilities
Met.
Bought
Sold
He!.
(11
f21
(3)
(4(
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
7/r',y7t.
7/14/76
7/21/76
7/28/76
657
619
649
?06
307
311
318
332
?50
308
331
5,782
5,425
5,574
5,590
6,r-4
5,776
5,982
5,921
19,324
18,934
18,956
19,509
19,798
19,259
19,347
19,830
-474
-J25
-391
-321
-4,406
-3,778
-4,188
-4,333
-4,880
-4,103
-4,579
-4,654
-142
25
-83
10
1,376
1,548
1,486
1,257
1,234
1,.7!
1 , 40.-:
i,;:r7
2! 5684
8/04/76
8/11/76
8/18/76
8/25/76
645
522
643
520
307
275
288
310
338
347
355
310
6,058
5,641
5,443
5,721
6,396
5,983
5,793
5,031
20,955
19, 477
21,691
20,987
21,135
19, 777
21,395
21,139
-169
-300
-204
-152
-4,315
-4,128
-4,154
-4,191
-4,484
-4,428
-4,353
-4,343
169
47
151
158
1.743
1.^13
1,279
1,530
1,912
1,560
1,430
1.688
2.5371
2.5358
2.5119
2.5288
9/01/76
9/08/75
9/15/76
9/22/75
9/29/75
618
511
643
552
629
291
313
336
352
290
327
298
307
300
339
5,847
5,072
4,972
5,330
4,959
6, 174
5,370
5,279
5,530
5,298
20,130
19, 166
21,271
21,667
21,789
20, 306
19,417
21,451
21,575
21,913
-176
-251
-180
-8
-124
-3,584
-2,978
-2,992
-3,404
-3.104
-3,760
-3,229
-3,172
-3,412
-3,238
151
47
127
292
215
2,263
2,094
1,980
1,925
1,795
2,414
2.141
2,107
2,213
2,010
2.5205
2.5148
2.4857
2.4597
2.4525
10/06/76
10/13/75
10/20/76
10/27/75
651
701
713
731
294
233
350
404
357
418
363
377
5,447
5,152
4,711
4,468
5.304
5,570
5,074
4,845
21,951
20,640
22,544
22, 392
22,044
20, 748
22,512
22,574
-93
-108
32
-182
-3,673
-3,521
-3,333
-3.195
-3,766
-3,629
-3,351
-3,377
264
310
395
195
1,774
1.631
1,328
1.273
2,033
1,941
1,723
1,468
2.4349
2.4310
2.4248
2.4004
11/03/76
llAO/76
11/17/75
11/24/75
794
819
911
845
397
364
437
440
397
455
474
405
4,627
3,970
4,343
3,618
5,024
4,425
4,817
4,023
19, 978
21,294
22,010
21,118
20, 152
21,549
22,580
21,488
-174
-355
-570
-370
-3,206
-2,770
-2,934
-2,465
-3,330
-3,125
-3,504
-2,835
223
100
-96
35
1.421
1,200
1,409
1.153
1,644
1,300
1,313
1,138
2.4045
2.4160
2.4225
2.4041
12/01/76
12/08/76
12/15/76
12/22/75
12/29/76
740
709
760
836
oil
392
462
48Q
521
501
:!48
247
271
"(15
4IIJ
4,026
4,119
i,*4
.,,101
"■:,:.'12
4,374
4 , 366
4,235
4,416
4.222
19,879
21,868
20,695
20,076
19,118
20,21°
22,243
-340
-375
-405
-?51
-450
-2,706
-2 , 798
-2 , 709
-2,885
-2,642
-3,046
-3,173
--',114
-3,236
-:.:,UQ2
s
-128
-H4
-40
1,320
1 , .:21
i!:.'io
1.1 70
1,328
1,193
1,121
1,180
1.1 :io
2.4152
2.3975
2.3906
2.3669
2. <546
Footnotes at end of Table FCP-X-3.
128
Treasury Bulletin
FOREIGN CURRENCY POSITIONS,
c
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to ^ nj r\ f^Oj
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129
FOREIGN CURRENCY POSITIONS
Section VI - Italian Lira Posit-ons
Table FCP-VI-1. - Nonbanking Firms' Positions i/
In millions ' 1' lire ,
Liquid
assets 11
.lliorl-
tenn
l.-vt 3/
2h..>r-t-T,M
r'L tr-i le
Other
assets
other
liabil-
ities 7/
Forward exchange &/
net
position
9/
change
rate 10/
Positions
at end
Receiv-
il>le,-4/
Pay-
lb lei 5/
Bought
So! 1
held by
offices in;
(1,1
-.'■■
' ■'
(5)
(b)
(7)
( F ■•
(10)
■July 197d
'3.^15
18,332
170,188
25,064
51,573
39,210
29,512
87,019
37,853
834.38
United States
Aug. 1976
6,631
15,900
200,365
19,628
52,222
41,265
24,589
95,035
112 ,079
840.69
United Statas
Sept. 1975
Sept. 1976
354,396
6.767
261,161
1,448,252
25.176
1 ,..81,422
2,472,920
200 ,.'... 2
1,310,100
18.116
1,976,305
52,544
1,723,330
39.053
1,762,188
10,520
.27,551
3S,08'i
146,874
115.822
262,767
185,585
78,280
263.366
856.90
856.90
855.90
863.19
Abroad
United States
Sept. 1976
^ ,''''<'\ ' ' '
1 ,319,1116
2,023,850
Worldwide
Oct. 1976
0,0 n
44,101
21~\ .'),
1 l.oij'
54,875
3?, 335
28 , 187
106.301
9'J.197
United States
Nov. 1976
5,939
49,285
234,509
19,892
52,703
33,245
25,675
85,922
130,482
865.43
United States
Dec. lC'7c
Der' . lo7b
435,945
4.412
1,306,079
18.888
1. ■.•l,.-l:.7
2,720,150
24h,084
1,528,571
15.820
1, '144, I'll
1,956,027
77.984
1,848,945
24,216
l,Sfl,lt,l
13, WO
17.670
107,552
OQ, li-15
334,375
157.841
.'. ',216
875.50
875.50
875.20
Abroad
United .States
Dec . 1076
2.r''n,Qll
:"itj,o-7
Worldwide
Table FCP-VI-2. Weekly Bank Positions 11/
(In millions of lire)
Assets and liabi
lities 12/
Exchange 'lontracts 13/
Net position
Date
Banks in U.S.
Foreign
branch
net
IVorl'l-
vdde
net
Banks in U.S.
Foreign
branch
net
World-
wide
net
United
States
14/
Foreign
branch
15/
World-
wide 16/
Exchange
Assets
Liabilities
IJet
Bought
Sold
Net
(1)
(2)
( '■)
(4)
(5)
(o)
(7)
(?)
fo)
1 l!l 1
111)
1.12,
(13)
(14)
'7/07/75
7/14/76
7/21/76
7/28/76
12,583
10,009
11,318
18,826
1,621
3,022
17,923
5,855
10,952
6,987
-5,605
12,970
257,244
211,029
192,818
135,129
258,205
218,015
186,213
149,099
720,353
743,738
788,277
773,175
749,048
789,556
809,294
813,638
-28,185
-45,818
-21 ,017
-40,463
-186,711
-168,237
-138,015
-84,842
-214,896
-214,105
-159,032
-125,305
-17,223
-38,831
-27,622
-27,493
70,533
42,742
54,803
51,287
53,310
3,911
27,181
23,794
837.52
838.22
835.77
835.77
8/04/76
8/11/76
8/18/75
8/25/76
11,515
10,410
11,852
11,544
1,718
2,575
12,867
13,747
9,897
7,735
-1,015
-2,203
177,978
161,043
194,7'30
183,646
187,875
158,778
193,775
181,443
719,262
682,976
786,303
910,951
754,070
712,742
803,427
938,304
-34,808
-29,765
-15,524
-27,343
-120,549
-110,923
•145,234
■129,005
-155,357
-140,589
-161,908
-155,348
-24,911
-22,031
-17,539
-29,545
57,429
50,120
49,505
54,641
32,518
23,089
31,357
25,095
835.07
836.47
336.47
838.57
9/01/76
9/08/75
9/15/76
9/22/75
9/29/75
9,844
13,358
14,909
14,690
17,551
8,101
546
5,453
700
410
1,653
12,712
9,456
13,990
17,241
133,991
170,932
182,534
185,888
143,897
135,644
183,644
191,990
199,878
161,138
952,204
904,255
955,867
962 , 375
1,135,339
984,273
943,190
1,025,261
1,025,935
1,194,041
-32,069
-38,935
-68,394
-54,550
-58,702
-91,654
■122,132
■137,032
•158,465
■128,437
-123,733
-151,117
-205,426
-223,025
-187,139
-30,416
-25,223
-58,938
-50,570
-41,461
42,327
48,750
45,502
27,422
15,450
11,911
22,527
-13,436
-23,148
-25,001
840.69
839.98
840.69
844.24
855.43
10/05/76
10/13/76
10/20/76
10/27/75
17, .305
27,201
32,116
24 , 377
939
7 , 385
1,993
3,052
16,866
19,815
10,123
21,325
166,904
176,010
157,834
159,835
133,770
195,825
197,957
191,150
1,070,406
1,114,034
1,121,539
1,043,513
1,124,523
1,149,759
1,177,109
1,112,128
-54,117
-35,735
-55,570
-63,515
■129,511
■133,731
■124,632
■124,543
-133,728
-169,456
-180,202
-193,053
-37,251
-15,920
-25,447
-47,190
37,293
42,279
43,202
45,292
42
25,359
17,755
-1,898
839.23
839.98
863.06
863.56
11/03/75
11/10/76
11/17/76
11/24/76
37,683
41,697
52,787
42,463
4,627
22,329
982
1,071
33,055
19,368
51,805
41,392
191,855
199,208
137,425
176,551
224,911
218,575
239,230
217,943
1,027,539
962,315
979,355
920,252
1,105,234
1,040,275
1,101,557
997,120
-77,695
-77,961
-121,792
-75,368
•153,354
•155,391
149,007
129,102
-231,059
-234,352
-270,799
-205,970
-44,639
-58,593
-69,987
-35,476
38,491
42,817
33,418
47,449
-6,148
-15,776
-31,559
11,973
855.43
855.43
354.68
855.43
12/01/75
12/08/76
12/15/75
12/22/76
12/20/76
27,000
■2 , 902
40^85
40,140
■1,202
3,862
013
1.694
4,0°6
•,467
23,138
31,989
■6,791
16,044
27,71'5
167, 84«
162,201
161,111
158,077
153,485
100,987
194,190
197,902
194,121
191,220
801,041
927,402
824,448
835,595
802,795
f5'l,7b5
1,008,497
900,434
903,973
865,807
-58,824
-81,095
-75,986
-72,378
-61,012
116,457
115,101
112,743
102,824
-97,460
-175,281
-1°5,196
-188,729
-175,202
-150,472
-35,686
-40,106
-39,195
-36,334
-35,277
51,392
47,100
48,358
55,253
65,025
15,705
-2,006
9,173
18,919
30,748
864.68
863.93
865.43
854.58
372.60
Footnotes at end of Table FCP-X-3.
130
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS,
Section VII - Japanese Yen Positions
Table FCP-VII-1. - Nonbanking Firms" Positions V
( In Tillllona of yen)
Fog I ti on
at end
of nonth
Liquid
assets ±'
(1)
Short-
tern
debt 3/
(2)
Short-term trade
Other
assets 6/
(5)
Olr,
■-ird exchange^/
Not
position 2/
cJiange
rateU/
(10)
Positions
held by
offices In;
Receiv-
ables V
(3)
Pay-
ablesi,
(4)
lloh
I tie; 7/
(6)
(■
July 1976
Aug. 1976
Sept. 1976
Sept. 1976
67,948
66,590
215,682
57.540
;7i,:;2^
1,535
2,277
311,038
1.519
12, '.57
23,285
21,635
637,224
.34,713
39,939
39,628
429,845
3?,710
40,882
43,732
412,748
42, ',92
.i55,340
10,673
11,013
334,834
10,754
:i45,598
1U,706
110,579
30,067
106,711
136,778
81,262
79,285
23, lU
81,828
104,942
113,412
110,333
196,890
98.735
293.13
289.23
286.78
286.78
286.73
294.46
297.75
293.20
293.20
293.20
United Statea
United States
Abroad
United States
Sept. 1976
■'J>i,y<'!
2>5,o,,5
Worldwide
Oct. 1976
Nov. 1976
Deo . 1976
Dec. 1976
50,830
54,589
198,719
60.975
.->5o^Af'/,
1,389
1,733
302,179
•n ,8'-,t.
24,952
27,807
675,839
19.631
■ .■"5;471
39,593
34,579
477,572
31^459
^ w.OU
38,546
33,128
411,387
.•=o.f02
441.189
10,322
8,441
351,314
10, 19.''
91,041
74,083
41,547
67. 5"!
100, 12F
77,764
84,131
12,134
96. 417
108,571
76,301
60,723
184,293
38.223
United States
United States
Abroad
United States
Dec. 1Q"6
?61,507
222,516
Worldwide
Table FCP-VII-2. - Weekly Bank Positions ii/
<In millions of yen)
Assets and liabilities 12/
Exchange contractslS/
Net position
Banks In U.S.
Foreign
branch
net
«orld-
wlda
net
B
in-<s in U.S.
Foreign
branch
net
World-
wide
net
United
Stateslit/
Foreign
branch
15/
World, ,
.idel6/
Exchange
ratel^
Date
Assets
Liabilities
Net
Bought
Sold
Net
(1)
'2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
7/07/76
7/U/76
7/21A6
7/28A6
87,477
85,108
84,155
74,991
10,561
11,787
12,509
76,915
74,321
71,645
417,215
416,371
414,316
494,131
490,692
485,962
".471
559,391
570,857
701,209
725,560
741,540
751,371
775,874
794,483
-82,249
-80,514
-74,665
-67,923
-356,519
-357,455
-346,238
-345,672
-438,758
-437,970
-420,903
-413,595
-5,333
-5,193
-3,019
-6,138
50,696
58,915
68,078
55, OU
55,353
52,722
65,059
48,875
296.34
292.70
293.56
293.38
8/04/75
8/11/76
8/18A6
8/25A6
91,589
80,123
82,407
82,183
14!vi9
22,572
67,688
59,611
401,720
.,367
:,34l
.,78,992
461,331
710,735
590,360
778,669
818,373
734,585
756,408
845,301
890,300
-73,850
-75,048
-56,632
-71,927
-340,500
-352,136
-345,962
-338,574
-414,350
-428,234
-412,594
-410,501
-5,728
-9,041
1,056
-12,315
60,745
61,848
65,342
53, U5
55,017
52,807
55,398
50,830
292.74
292.53
288.18
283.85
9/01/76
9/08/76
9/15/76
9/22/76
9/29A6
81,653
78,972
77,079
83,089
83,452
14,117
13,087
10,723
13,293
10,663
67,535
65,885
66,356
69,796
72,789
408,236
403,380
402, 7Xi
475,772
459,255
758,144
767,342
?1?,532
. ',726
, 'SI
830,417
830,745
398,320
864,652
881,455
-62,273
-63,403
-59,588
-65,935
-66,385
-343,557
-339,277
-331,784
-332,385
-331,779
-405,830
-402,680
-391,472
-393,321
-398,164
5,263
2,482
6,668
3,850
5,404
54,579
54,103
70,916
69,818
68,028
59,942
55,585
77,584
73,678
74,432
288.35
287.44
286.20
287.07
287.65
10/06/76
10/31/76
10/20/76
10/27/75
82,544
80,851
80,132
77,872
9,123
9,504
11,404
73,421
71,347
5", 728
405,798
406,909
404,912
477,145
475,537
472,916
7'W,098
850,247
848,554
832,977
834,873
924,428
917,005
895,432
-74,775
-74,181
-68,351
-53,505
-332,190
-337,922
-335,418
-331,103
-406,965
-412,103
-403,769
-394,608
-1,354
-2,834
377
4,499
73,975
57,875
71,491
73,809
72,521
65,042
71,868
78,308
287.77
290.28
292.14
293.30
11/03/76
11/10/75
11/17/75
11/24/75
81,508
86,362
89,591
87,075
9 ',519
11,334
8.j! ■•
76. ...
■;09,495
■■ . -01
481,155
480,517
486,955
472,343
837,954
818,276
858,824
862,432
913,599
895,917
942,424
945,198
-75,635
-77,641
-83,600
-83,766
-338,624
-333,972
-338,239
-324,051
-414,259
-411,613
-421,339
-407,817
-3,965
-748
-3,528
-7,724
70,871
59,552
68,644
72,250
56,905
53,904
55,115
54,526
295.07
294.29
295.07
295.38
12/01/76
12/08/76
12/15/76
12/22A6
12/29/76
90,055
90,508
93,727
96,896
99,757
9,715
9,762
11,353
10,589
11,345
80,34,<
SO, 726
82,364
86,307
88,412
406,360
381,526
389,789
398,799
393,301
486,703
462,252
472,153
485,106
481,713
830,711
855,768
852,372
882,645
839,775
921,811
942,310
949,326
969,395
922,630
-91,100
-85,542
-86,956
-85,749
-82,855
-333,800
-327,803
-335,932
-334,432
-329,345
-424,900
-4U,345
-423,888
-421,181
-412,200
-10,757
-5,816
-4,592
-442
5,557
72,560
53,723
52,857
54,357
53,956
51,803
47,907
48,265
63,925
69,513
205. S7
.296.47
294.51
293.73
292.44
Footnotes at end of Table FCP-X-3.
Jmit' 7 9 "7
m
.FOREIGN CURRENCY POSITIONS.
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rH H QN O CO
r CO Nij OJ to CO
J- OJ OJ On <^ r^
u-\ -J- -j-oj r- r^
-J 0> O *D CO CO
--I rO a* to -^^ rH
IfN M^ ^ C~ f^ nD
OJ f- ^D nD ro OJ
' -r [- rH
■ OJ c- o o
J -^ vO f
+^ d CO
C O <L>
Q e t>>
'S-Ai
t W (0
• C £l ^ J3 • r-l '
+5 O +J -R +J f- t-H I
3 -o a) Q> 01 o> -H* I
+J I M CO
C J= ^ J=
+i+3[HHml> -PQ-P-t
o e c d c - -
Pi O O O QJ
i-^ r^ B B 6 >l.tM
5 rH >i ■
S C C fl ffl Ol ■
O O o <y
e B e >)<f^
I rH r^ nO rH
3 rH TO
+j o-p-p-t^ t-irH cor^
CO CO Sh tn J^ ^ CO
g t3 OJ a) cu o H^
C c^ o O S O 6-
o to o 0^
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O O O QJ
I s s e i--,<H
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0) ^
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c j= ^ ^
o +^ -p +^
e c c 0
9 9 9
fn rH 01 r-
'^f
j:; ro I I
e E E >i^
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< cjf^'<l"'r\sO[^txJO^
r^'P'wON h" oj"(^Q ir^ so r- 2'^ c!- ^Cw-I^^-^-S^
132
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS,
Section VIII - Swiss Franc Positions
Table FCP-VIII-1. - Nonbanking Firms" Positions -'
(In millions of Swiss francs)
Liquid
tt3=et= 2/
Short-
term
debt 3/
(2)
.'Jhort-term trade
r
other
assets y
(5)
Other
liabil-
ities 7/
(6)
Forward exchange 8/
Net
position
9/
(9)
Zj:-
ctian^e
rate 10/
(10)
JocitivJiiJ
Position
at end
of month
Rcuftiv-
ables 4/
(3)
ray-
able:: 5/
(4)
ikiught
(7)
Sold
(8)
held by
ofrlces in:
July 19'''6
Aug. 1976
Sept. 1976
Sept. 1976
55Sr
579
1,814
■AS
;,3t'i
581
575
1,877
523
■ 2,400
2,324r
2,141
1,469
1.951
124
97
1,923
93
412
373
l,13e
385
635
4,344
701
4,681r
4,573
5,921
■:_,:'- 'ye
1,247
961
274
677
699
630
133
540
-5,552r
-5,416
-306
2.474c
2.4771
2.4459
2.4459
2.. '.4 5 9
2.4325
2.4456
2.4473
2.4473
2.4473
iiit-i .:'.ateb
Jnited States
Abroad
United States
Sept. 1976
.!\'.i
,04-
t ■
O'l
-'■../ 1
Worldwide
Oct. 1976
Nov. 1976
Dec. 1976
Dec. 1976
1,811
1,743
1,416
1.622
98
81
1,964
70
363
292
1,242
184
690
587
4,233
615
4,181
4,141
5,616
9,80''
591
620
202
687
562
499
145
395
-4,957
-4,712
-143
-4.495
4/1K
United States
United States
Abroad
United States
Pec. l^'
3,03?
2,034
l,42f-
4, 4?
PP9
540
Worldwide
Table FCP-VIII-2. - WeeUy Bank Positions u/
(In millions
of Swiss
francs)
•i-~ots
and llabllitiesl2/
Exchange contracts 13/
Net position
r. :. ■ ■• U.S.
Foreign
World-
Banks in U.S.
Foreign
branch
World-
United
Foreign
World-
Exchange
Date
rate ^^
Assets
Liabilities
Net
net
net
Bought
Sold
Net
net
net
14/
15/
16/
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(U)
7/07/76
558
510
48
2,967
3,015
12,882
13,087
-205
-3,101
-3,306
-157
-134
-291
2.4783
7/14/76
529
111
2,935
3,046
13,258
13,506
-328
-2,959
-3,297
-217
-34
-251
2.4839
7/21/76
569
112
3,014
3,125
12,575
13,:"'5 ■
-378
-2,956
-3,344
-266
48
-218
2.4913
7/28/76
534
52:
14
3,008
3,022
13,527
13,864
-337
-3,008
-3,345
-323
-
-323
2.4938
8/04/76
551
448
103
3,025
3,128
13,796
14,083
-287
-3,085
-3,373
-3:
-
-245
2.4752
8/11/76
552
44?
110
3,295
3,405
13,649
14,053
-404
-3,317
-3,721
-.
- -
-316
2.4891
g/18/76
408
7" a
29
3,219
3,248
12,796
13,042
-246
-3,322
-3,568
-217
-1.33
-320
2.4707
8/25/76
566
cir
-44
2,819
2,775
12,642
12,817
-175
-2,909
-3,084
-219
-90
-309
2.4774
9/01/76
607
179
3,341
3,520
12,157
12,530
-373
-3,338
-3,711
-194
-191
2.4710
9/08/75
587
U7
2,813
2,930
12,447
12,783
-336
-2,804
-3,140
-219
9
-210
2.48O8
9/15/76
618
291
3,465
3,756
11,510
12,044
-534
-3,353
-3,887
-243
IL'
-131
2.4701
9/22A6
585
•61
224
3,459
3,683
12,414
12,886
-472
-3,356
-3,838
-.--:-'
-155
2.4691
9/29A6
649
39;
2'-,^,
2,646
3,100
12,294
12,779
-485
-2,685
-3,170
• I
-70
2.4558
10/06/76
617
310
307
4,603
4,910
12,208
12,447
-239
-4,329
-4,568
frg
274
342
2.4456
10/13/76
618
321
2-T7
3,028
3,325
11,475
11,688
-213
-2,744
-2,957
84
284
368
2.4438
10/20/76
614
322
292
2,974
3,255
12,300
12,469
-169
-2,540
-2,709
123
434
557
2.4456
10/27/76
637
325
312
2,577
2,989
12,717
13,036
-319
-2,211
-2,530
-7
466
459
2.4328
11/03/76
643
340
303
2,777
3,080
11,356
11,644
-2S8
-2.437
-2,725
15
3^0
355
2.4358
11/10/76
680
334
346
2,198
2,544
11,707
12,082
- ■' ■
-2 ,200
-.
2.4384
11/17A6
698
380
318
2,298
2,616
11,023
11,413
-
-2,319
-
2.4459
11/24/76
700
357
343
2,293
2,535
12,312
12,672
-
- . ■'•
-2,159
--
12/01/76
717
324
393
2,294
2,587
11,537
12,045
_.,
-2.'.0r'
-15
194
179
2.4525
12/08/75
621
■509
312
2,550
2,862
12,355
12,745
-}■■!
--■■ '3
-2,7C4
-■79
177
98
2.4504
12A5/76
553
:-:
351
2,924
3,275
11,414
11,800
- ir':.
-2,610
-2,996
-35
314
279
2.4513
12/22/76
643
^'\';
380
2,784
3,164
12,240
12,567
-327
-2,467
-2,794
53
317
370
2.4462
12/29/76
597
218
379
3,038
3,417
11,490
11,824
-334
-2,775
-3,109
45
263
308
2.4438
Footnotes at end of Table FCP-X-3.
ji/fw /9^7
155
.FOREIGN CURRENCY POSITIONS
cn
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y
t;
c o
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a, o o o Qj
m rH E E 6 >^<-
W rH mvD rH
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p o o (5 ^ t
o +J +J
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o o
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C CD
O 1)
6 >-, "i-.
6 6 H c
e w +
3 rH £"
d o '
) 4J +J f-i rH I
0 -— o e d c c I
+j o +J +^ +^ t- '
o e c c g p (
5 rH S e S ^-i =-■
3 rH f^ vD <-H 1
? t. t^ t, fH CO •(
1 <U 0) d) 01 +J i
N O O O O H c
5 (U 0)
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sO rH
■.ss
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■J- y^ vD > to f:
V ^C l> to 0~
' o.' r^ ->J IP \C l^- »
134
Treasury Bulletin
FORRION CURRENCY POSITIONS ^_^
Section IX - Sterling Positions
Table FCP-IX-1. - Nonbanking Firms' Positions -'
(In millions or pounds)
Liquid
assets 2/
(1)
Short-
term
debt 3/
Short-term trade
other
assets
(5)
Other
liabil-
ities 7/
(6)
Forward
exchange 1/
(9)
Ex-
change
rate 10/
(10)
at end
of month
Receiv-
ables 1^1
(3)
Pay-
ables!/
(■,)
Bought
(7)
Sold
(8)
Positions
held by
offir;es in:
Julj- 1976
Aug. 197.
Sept. 1976
Sept. 1976
61
62
987
58
59
52
1,822
110
293
305
3,3U
262
3 CO
2,607
295
2«5r
281
4,815
307
5,122
20t
246
3,673
234
674
799
207
1,081
819
936
370
862
-107r
-104
851
1.7652
1.T788
1.6660
l.-'-..:,0
i.'_-_.bO
1.5895
1.6550
1.7025
1.70125
1.7025
United States
United States
Abroad
Uniteo States
Sept. 1976
l.O-iJ
56
52
893
81
1,932
110
111
1,SC^;
100
3,576
2,90.^
3,907
1,232
851
Worldwide
Oct. 1976
Nov. 1976
Deo. 1976
Deo. 1976
W''
3«)
JI3
5 , i.' ■:
'1'
351
3 .•-■'-•■
980
9.; 4
164
931
1 .019
1,033
345
074
-194
-232
1,''24
154
United States
United States
Abroad
Deo. 1976
974
1,9C-'
•'. . " .-■'■'
■;,i i.'
■,,978
3,94r
1 ,095
1,,--1 ■
Worldwide
Table FCP-IX-2. - Weekly Bank Positions ii'
(In millions of pounds)
Assets and liabilities 12/
Exchange contracts 13/
Net position
Date
B
inks in U.S.
Foreign
branch
net
World-
wide
net
J.^anks in I. .3.
Foreign
branch
net
World-
wide
net
United
States
U/
Foreign
branch
15/
World-
wide. 16/
Exchange
Assets
Liabilities
Net
Bought
=, :;
■:et
rate ^,
(1)
(2)
(3)
(4)
(5)
(5)
;e)
(9)
(10)
(11)
(12)
(13)
(U)
.^
1"
-144
-115
5,311
5,351
-40
194
154
-11
50
39
1.8029
'■.t
!■'
21
-51
-30
5,492
5,553
-61
97
36
-40
46
6
1.7784
7/21/76
38
16
22
-192
-170
5,400
5,4^3
-43
224
181
-21
32
11
1.7860
7/28/76
31
24
7
-235
-228
5,447
5,478
-31
291
260
-24
56
32
1.7891
42
g
34
-201
-167
5,225
5,274
-49
232
183
-15
31
16
1.7945
38
16
22
-162
-140
5,250
5,317
-67
194
127
-45
32
-13
1.7909
^.1
14
40
-85
-45
5,168
5,240
-72
137
65
-32
52
20
1.7817
51
17
34
-119
-85
5,290
5,359
-69
133
64
-35
14
-21
1.7709
r,r.
11
44
-204
-160
5,220
5,326
-106
196
90
-62
-8
-70
1.7755
9/0-:
14
39
-154
-U5
5,305
5,422
-117
177
60
-78
23
-55
1.7716
9A;
1'3
30
-198
-168
5,578
5,686
-108
163
55
-78
-35
-113
1.7355
^/T
.32
29
-189
-160
5,528
5,640
-112
161
49
-83
-28
-111
1.7155
27
24
-198
-174
5,929
6,034
-105
176
71
-81
-22
-103
1.6668
21
38
-227
-189
5,989
6,118
-129
209
80
-91
-18
-109
1.6530
10/13/76
61
23
38
-204
-166
5,664
5,777
-113
206
93
-75
2
-73
1.6554
10/20/76
62
17
45
-217
-172
5,886
5,992
-106
222
116
-61
5
-56
1.6530
Wn/ib
72
30
42
-215
-173
6,294
6,4A3
-149
225
'V-
-1V7
10
-97
1.5793
11/03/^6
P2
23
59
-258
-199
5,891
6,070
-179
259
-120
1
-119
1.6125
30
-256
-219
6,384
6,488
-104
255
1 = 1
-i-
-1
-68
1.6317
2f
-119
-83
6,486
6,580
-94
134
..C
-'jf
15
-43
1.6610
15
..9
-158
-109
6,456
6,542
-86
173
67
-3''
15
-22
1.6475
12/01/76
6C
25
-180
-155
6,346
b,ai
-
14"
-43
3f,
-8
1. ;50
12/08A6
45
; ':
25
-198
-173
6,335
6,412
- ■
^
-.i"
-52
b
-46
1.6700
12A5/76
55
32
23
-144
-121
6,212
6,278
1"""
al
-43
13
-30
1.6590
I2/22A6
93
I'"'
74
-155
-81
6,179
6,257
_7'^-
14'
. e
-4
-9
-13
1.6870
12/29/76
87
2 3
64
-166
-102
5 , 998
6,089
-91
1^-
10*
-'■
30
3
l.~0t6
Footnotes at end of Table FCP-X-3,
J//f/c 19^7
135
FOREIGN CURRENCY POSITIONS.
B
o
-*->
tn
O
Ph
^
B
m
«
a
03
o
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>>
to
J3
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08
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B
c
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o
^
CO
CO
>:
!2
136
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
Section X - United States Dollar Positions Abroad
Table FCP-X-1. - Nonbanking Firms' Foreign Subsidiaries' Positions 1/
'In mill lonK or I^nllcJ .".t^tos dollar?)
Liquid
assets 2/
fl'
Short-
term
debt 3/
f2l
:3tiort,-tei"ni triid';
uther
assets 6/
(5)
OtI.er
linbHi-
tu,-j 2/
_.rffar:: c-K'M amre :^'
Het
at end
of month
Receiv-
ables y
Fay-
tibles i/
Bought
f7)
Sold
(e)
IJOBition 2/
ml
197ft-ropt
Te^
' ^* .-
3,^U
-.'••r
1 ?,-»'■-''
13,255
18,331
?■ .f^rs
1,'92
tl7
- '■ ■
Table FCP-X-2. - Weekly Bank Foreign Office Positions 11/
( In millions of Uni ted
States dollars)
Date
Net
Net
Net
a T^ sets Biv3
exchange
position
llabUities 12/
contracts lyf
fll
(21 ~
(3)
7/07/76
-3,872
3,914
42
7/U/76
-3,581
3,553
-28
7/21/76
-3,547
3,585
38
7/28/76
-3,346
3,409
63
8/O4A6
-3,720
3,407
-313
8/11/76
-3,858
3,640
-218
8A8/76
-3,919
3,940
21
8/25/76
-3,693
3,850
157
9/01/76
-3,800
3,632
-163
9/08/76
-3,942
3,647
-295
'lA5/'76
-3,927
3,637
-290
-3,8U
3,716
-98
-3,521
3,549
28
:^>r.:'j/ ,D
-3,894
3,670
-224
10/13/76
-4,029
3,677
-352
10/20/76
-3,684
3,586
-98
10/27/*?6
-3,638
3,415
-223
11/03/76
-3,533
3,352
-ISX
11/10/76
-■\'^^'-
2,886
-121
11A7/76
3,304
4
11/24/76
- .
3,268
85
12/01/76
-3,485
3,674
189
12/08/76
-3,442
3,709
267
12/15/76
-3,138
3,375
237
12/22/76
-4,030
4,140
110
12/29/76
-3,751
3,684
-67
Footnotes at end of Table FCP-X-3.
Ji/tic 19^7
137
FOREIGN CURRENCY POSITIONS ,
C
o
T1
~t^
(S
OS
o
Xl
0.
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c
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<«->
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be
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a
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TO \0 i?y vO ^- TO
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'
l-<
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r\J
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1-.
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^
-1
i- r-i ^Q -^
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D '-J-'
(N ^D ^
c-;
''
TO TO i-t \D H - 1-
t
7
f> t> rH TO i^-.
I
"
til \D \0 vj-
c*^
7
o rj- f^> ^
1
I
■^ o c^ r- H -1-
1
- . a-
r^ C C- f\j
■ r-l OJ r^ rH n- r^i
n>
fvj TO lf\ U^ Q vO
u-v r\J m O O^ -H
T
■■i
rH
■J
■r
-I
t", TO U-. AJ lA fNJ
TO
^
-J r-" -4- o^ o^ --r
rH
-i U".
-^ 0 --v 't
r-,
l<l
r'\ tr. sCl > vO -.r
.f
-r
^0 •'0 vD TO vD I
r^
-T
r C^ C- {T- sO T-
r*
■ If -^ cro -J
^1
■"*
r-l
~^
rH
^
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r-l
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^ Oj (H <^ IT. TO.
^SS3SS
'■ c^ :^ o -^ TO
-I
^^l
-. ^ sD (TN [■- 'JJ
■■■
fl
>r\ D- C^ vj- t^ 'J-:
H r., r-, rs
rH
H OJ TOiCM
33,015
56,1.^6
7,046
3.670
.!:■
C'
•r. r-i w -o t^ a-
i
>
?.
^-
rr n^ 0. oj ii-\ r^
vO TO £> t> t> O^
H n, r-. ov
O
-I
[>
rH
rH
O C^ CM CO TO
Q- O OTO -J
f r-- ^£^ rotr C
.-H 0^. CA OJ
-
■tJ I w to
C C CO CO '
O O 0)
1 t* t. J^ (0 ■'
1 0) OJ Ol -P I
■ > > > O '
1 O O O t-^ E
»*«-. ^D r- CO c
O +:> +J
S C B
o o
Q r^ O O
o a' (C ■—
O rH >,
^D rH CO t-.
(1) 0) +J o. g
O O H O CO
^ \D [-- TO iT-
c x: i: j=
o -p ■•-> -p :
e c G c '
O O O '
rH g e s :
^- O E C C 1
WW OB
fN I I
I Ul CQ
J= J= J2
■P -IJ +5 . -
G G G flt
O o - -
E e
■a W rH f^sO '
O rH >. -
(0 t. '
C G <
O O <
e e :
:i (u 0) m
ss
O W Q 1^
ss
^^O^^t^C^ rHrvjr^^/u
V vO r~ (o CT"
138
Treasury Bulletin
FOREIGN CURRENCY POSITIONS-
Footnotes
1^/ Worldwide net positions on the last business day oT the
calendar quarter of nonbanklng business concerns in the
United States and their foreign branches and majority-
owned partnerships and subsidiaries. Excludes
receivables and installment paper which have been sold
or discounted before maturity, U.S. parent companies'
investment In their majority-owned foreign subsidiaries,
fixed assets (plant and equipment) and capitalized
leases for plant and equipment.
2/ Foreign branches and majority-owned partnerships and
subsidiaries only.
3/ Weekly worldwide net positions of banks and banking
Institutions In the United States, and their foreign
branches and majority-owned foreign subsidiaries.
Excludes capital assets and liabilities.
^/ Foreign branches and majority-owned subsidiaries only.
6/ All current assets other than liquid assets and short-
term trade receivables, and financial assets maturing In
more than one year from the report date. Includes
Intracompany accounts, inventories, prepayments, long-
term trade receivables, long-term Intracompany claims,
and stocks, bonds, and other securities. Fixed assets
(plant and equipment) and parents' investment In
majority-owned foreign subsidiaries are excluded.
7/ All financial liabilities other than short-term debt and
short-term trade payables; includes long-term trade pay-
ables; intracompany liabilities, accrued expenses, and
liabilities maturing in more than one year from the
report date. Capitalized plant and equipment leases are
excluded.
8/ Outstanding amounts of foreign exchange which have been
contracted to be received or delivered In the future.
Excludes spot exchange.
5/ Monthly worldwide net positions including capital assets
and liabilities on the last business day of the month of
banks and banking Institutions In the United States and
their foreign branches and majority-owned subsidiaries.
6/ Foreign branches and majority-owned subsidiaries only.
9/ Columns (1),(3),(5), and (7) less columns (2), (4), (6),
and (8).
10/ Representative rates on the report date. Canadian
dollar and United Kingdom pound rates are expressed in
U.S. dollars per unit of foreign currency, all others in
foreign units per U.S. dollar.
SECTIONS II THROUGH X
1/ Positions of nonbanklng business concerns in the United
States and their foreign branches and majority-owned
partnerships and subsidiaries. In sestion X, positions
of foreign branches and majority-owned partnerships and
subsidiaries only.
2/ Includes unsettled spot foreign exchange purchase eon-
tracts, as well as currency, demand and time
deposits, negotiable and other readily transferable
financial Instruments maturing in one year or less from
the report date, and Intracompany claims and loans to
other parties repayable on demand. Other loans,
accounts receivable, and unaccepted trade drafts are
excluded.
1'
Includes unsettled spot foreign exchange sales
contracts, Intracompany liabilities, other short-term
trade payables, short-term borrowings due In one year or
less from the report date, and the current portion of
long-term debt . Other loans , accrued expenses and
accounts payable are excluded.
Due in one year or less; includes Intracompany trade
receivables. Receivables and installment paper sold or
discounted before fl»turity are excluded.
11/ Banks and banking institutions in the United States and
their foreign branches and majority-owned subsidiaries.
In section X, foreign branches and majority-owned sub-
sidiaries only.
12/ Excludes capital assets and liabilities.
13/ Includes both spot and forward exchange contracts.
1^/ Sum of columns (3) and (8).
15/ Sum of coluims (y) and (9).
16/ Sum of columns (5) and (10).
17/ See footnote 10.
18/ See footnote 11.
19/ Fixed-rate loans are reported by time remaining to final
maturity or the nearest call date, whichever is earlier,
and floating-rate loans by time remaining to the nearest
interest-fixing date.
20/ Option forward exchange contracts are reported by time
remaining to the nearest option exercise date.
21/ Sum of colunns (3) and (6).
r Revised.
5/
Due in one year or less; Includes Intracompany trade
payables.
J low njl-7
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II - Federal Credit Programs
Table GA-II-1. - Direct Sales and Repurchases of Loans
ly)
(In
millions
of dollars)
Total
Export- Import
Bank of the
United States
Farmers Home
Administration
Housing and Urban Development Departmeni
Small Business
Administration
Fiscal year
or month
Government
National Mortgage
Association
Office of Secretary
1/
Veterans
Administration
Sales
Repur-
chases
Sales
Repur-
chases
Sales
Repur-
chases
Sales
Repur-
chases
Sales
Repur-
chases
Sales
Repur-
chases
Sales
Repur-
chases
1'*^
IQhQ
1970
1971
1972
1973
1974
1975
1976
T.Q
1976- Apr
May
June
July
Aug
Sept
Oct
Nov
Deo
1977-Jan
ret
Mar
Apr
Fiscal 1977
to date
1,070
1,337
2,115
2,548
3,045
5,257
3,903
7,829
11,666
1, 397
1, ■->!-'
1,0 31
433
1,716
610
1,U2
508
789
1,446
1
320
76
4,282
2U
428
842
305
781
330
1,141
1,55Q
1.281
4^'2
U4
38
75
120
227
93
75
16
488
38
44
436
l.iao
'11
379
406
269
248
145
21
21
loO
4
26
261
4
187
20
3
104
50
974
959
1,668
2,005
2,430
3,324
2,172
6,415
4,247
1 , 070
501
314
18
400
450
22iJ
'1.00
14
'iOO
1
174
405
569
287
574
284
1,105
1,524
1,148
4l4
91
26
34
73
117
224
93
71
12
484
34
39
4 33
1,167
2,300
1,501
1,232
6,963
1,592
379
1,493
'110
33
1,255
294
540
482
210
238
1
1,521
-
-
-
30
15
6
2
1
3
3
38
244
358
488
209
163
294
Q6
13
77
96
2
12
79
IQ
75
186
24
17
12
12
19
25
30
32
29
■6
3
2
3
2
2
2
4
4
4
K
J
3
23
1/ Includes college housing, elderly housing, and public facility loans.
* Less than $500,000.
140
Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding March 31, 1977
'Ti. thousands of dollQrt )
/Uent-y and pro»:ram
r-ATiolly cwned Oovernracnt enterprU"
United States dollar loans
Funds appropriated to the President;
Appalachian regional developnjent programs:
Appalach Ian hous ing proi^ram
Expansion of Defense Production;
Treasury Department
Foreign assistance:
International security assistance:
Emergency security assistance for Israel...
Foreign milltaiy credit sales
Liquidation of foreign militaiy sales l\ind:
Long -terra credits
Military credit sales to Israel
International development assistance:
Bilateral assistance:
Agency for International Development:
Alliance for Progress, development loans...
Conroon defense, economic, and triangular
trade loans
I^velopinent loan fund liquidation account..
Development loans
Hous ing guaranty fund
Grants and other programs 7".
Total Agency for International Development.
Overseas Private Investment Corporation
Total funds appropriated to the President
Agriculture Department:
Cotamodity Credit Corporation:
Conmodity loans
Long-term dollar credit sales
Short-term export sales credits
Storage facility and equipment loans
Investments acquired in settlement of claims.
Total Commodity Credit Corporation....
Consumer Protection and Services:
Agricultural Mari<eting Service:
Milk market orders assessment fund..
Farmers Home Administration:
Agricultural credit insurance fund;
Farm ownership loans:
Farm enterprise
Nonfarm enterprise
Operating loans
Guaranteed operating loans
Recreation loans.
Soil and water conservation loans
Emergency loans
Guaranteed emergency loans
Guaranteed emergency livestock loans
Emergency loans re financed
Indian land acquisition loans
Grazing, recreation, irrigation, and forestry
loans
Watershed works of improvement and flood
prevention loans
[Resources conservation and development loans..
Credit sales of real property
Programs in liquidation
Total agricultural credit insurance fund
Bural development insurance fund:
Water and waste disposal loans to associations.
Coiaainity facilities loans to associations
Business and industrial development loans
Guaranteed business and industrial devel. loan::
Credit sales of real property
Total rural development insurance fund.
Footnotes at end of section.
liiv-ct loans or credit
Amount
outstanding
V4l
58
648,530
■505,204
8,073
392,500
3,348,426
25,420 ij
129,216
7,105,636
1,502,227
12,113,925
2;,5'^a
14, 088, 6 I'D
1,990,454
4,877,436
1,035,441
136,149
8,332
8,04
,812
333,894
4,272
190,485
811
16,994
259,902
647
5,668
14,126
11,612
1,430
1,152
359
Maximum
authority 1/
741
58
648,530
905,204
8,073
392,500
3,472,513
25,420
129,216
8,173,321
',274,427
1,990,45.
4,877,4361
1,035,441)6/
136,1491
8,332
333,892
4,272
190,485
8111
16,994|
259,902 11/
2/
647
5,668
14,12Sl
841,361 li/
179,231
47,214
10,901
2;v,,<49
11,612^2/
1,43
1,152
:-5a
179,231
47,214.
10.901
Oj'irantccs una int^uraru
Amount
outstanding
2,688,375
577,835
577,8-5
1,:-M;-
2,778,555
37,456
1,005,398
34,683
8,407
78,725
849,047
72,451
439,511
3,496
29,318
164,719
55,983
13,928
8,018
768
5,580,463 1!J
2,215,011
230,138
11,047
740, ill
2,7O6,o07
Maximum
authority 2/
Government
fee or premium
2,688,375
727,582
786,320
2,778,555
37,456
1,005,398
34,683.
8,407
78,725
849,047„
72,451
439,511
3,496.
29,318
164,719 1
55,983
13,928j
8,018
768
2,215,OU
230,138
11,047
340,411
1/- ■
1/2-2?
1/2—2-3/4?
8/
8/
§/
_S/
Interest
ran^e
(Percent) y
J— 8-1/2 ST
3—5
3—6-1/8
3/4- 6
3/4—5-3/4
3/4—6
5—9-1/4
1-6
arious
1
ro
Various
Do
Do
»
5
9.25
Various
ii.'
Maturity
range
(.years) y
1/2 to In-
definite
20
Up to 10 ST
3—10 ST
25 ST
8—40
8—40
5—40
5—40
15—30
2 1/2-45
3—12
.125-'5.3
Various
5
5
0—40
0—40
71Q/
712/
0—40
0—40
5—3
5—8
5— S
5
0—40
0—40
0—40
0—40
0—40
5
0—40
5.683 ST
5.683 ST
7—8 ST
12/
0—30
0—15
0—40
0—40
0—40
0—40
0—15
Jmn- 19^7
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding March 31, 1977-Continued
Ul
(In thou;r..'ind: of doll..ir^-
A^ency and program
I-'iVholly owned Govennir^nt enterpriset
United States dollar loane - Continued
Agriculture Department-Continued
Farmers Home Administration-Continued
Rural housing insurance fund:
Rural housing loans
Rural housing loans to senior citizens..
Rural rental and cooperative housintr....
Rural houE ing s ite loans
Labor hous ing loans
Credit sales of surplus property
Total rural housing insurance fund.
Self-help housing land development fund:
Self-help housing land developn^nt loans
Total Farmers Home Administration
Soil Conservation Service:
Water conservation and utilisation projects
Watershed and flood prevention operations..
Total Soil Conservation Service
Total Agriculture Ctf?partment
Commerce Eepartroent;
Economic Development Administration:
Loans to aid industiy
Loans for publ ic works
Total Economic Dsvelopment Administration.
Promotion of Industry and Commerce;
Trade adjustment assistance
Maritime Administration:
Ship sales (purchase money mortgages)
Federal ship mortgage insurance fund:
Direct loans
Guaranteed loans
Total Maritime Administration.
Science and Technology:
National Oceanic and Atmospheric Administration:
Federal ship financing fund, fishing vessels..
Fisheries loan fund
Total National Oceanic and Atmoeplieric
Administration
Total Commerce I>partraent .
Defense l>partment:
Military: Defense production guarantees
Arrny .
Navy.
Total defense production guarantee;;
Civil:
F^'u}:yu Islands, construction of power system
Total De f ense Department
rect loant^ or rreeJit
Amount
..-^tand In?
Health, Education, and Welfare Department:
Health Resources Administration;
Health services planning and development:
Community facilities
Construction of hospitals and other medical
facilities
Total health services planning and development
Medical facilities guarantee and loan fund
Health teaching facilities construction:
Guaranteed loans
Health maintenance organizations loan
Guaranteed and loan l\itid
281/^77
6,701
67,67i
551
9,488
.'■ CO
429
.7.
1
445
411
1
421
•xa
1
442
'-•
4^1 i.
86°
320,795
16;S654
484,44"
i'',~;i
l'',.-21
l>;:,a54
461
1,772
7
oi
4
I'J,-'-.
128
47,800
47,028
14,132
Max i mum
authority '\j'
281,777^
6,701
67,674)18/
551
9,488
2';H
421
l.iCl
;i20,7'^5
163,654
1-
21
15,821
16,Q54
461
20.000
Guarj.ntee: and
.Ijmjiint
outstanding
251
48,695
16,109 2i/
14, 132
10,918,633
272,514
782,061
4,247
24 , -'91
12
001, e4b
_
;'ii.^'78,9ib
-
-
21J
■:7£,°16
416.760
4, 14'-., 760
1,521,850
66,468
15,034
10,918,633
272,514
782,051
4,247
24,391 22,
&)vemmc-ijt
or rr-
3/
3/
1/2?. ST
7,000,000
1,7/3, 8C-1 2i'
74,":'32
15,034
3/4?
1/4?— 1?
Interest
range
frercrent) ^
Maturity
range
■y^arEl y
16/
17/
0—33
16/
17/
0-33
19/
20/
■ii/
2 ST
Tot
0—33 ST
22/
0—20
3 ST
4-8-1/8
3-3/3-3-1/4
3-1/2 ST
3.7—9
3.7—9
6—9.2
3—8
0—50 ST
Up to 25 ST
Up to 40 ST
25 ST
25 ST
15—20
3-10
10-1/2—13-1/2
2-1/3-2-3/4
30
2-1/2-5-1/4
39—50
6.695—10.585
25
8.35—10
30
7.25—9.21
20
Footnotes at end of section.
142
Treasury Bulletin
KINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding March 31. 1977-Continued
(In t-houc^nd of dollar:^}
Agency and program
Direct loans or credit
Amount
outstanding
Maximum
authority 1/
Guarantees and Insurance
Amount
outstanding
f/aximuni
authority g/
GoveriLr.ent
fee or premium
Ir.tereSt
r-inge
( j^ercent;
Maturity
range
f Years) '</
I-WholL-,
United .-•
inment enterprises
loans - Continued
Health, Educaticii, u.j ntrxinre Department-Continued
Health Resources Administration-Continued
National Institutes of Health:
Health professions education fund
Nurses tra ining fund
Health manpower:
Other student loan programs
Total Health Resources Administration.
Office of Education:
Student loan insurance fund
Higher education facilities loan and insurance
fund
Elementary and secondary education
Higher educational loans to institutions
Advances for reserve funds
Federal capital contributions
Total Office of Education.
Assistance to refu^-
Total Health, Educai
:"are Department.
Housing and Urban Development Department:
Housing production and mortgage credit:
Federal Housing Administration:
Revolving fund: 31/
Property improvement loans
Purchase money mortgages
Mortgage insurance loans
Total Federal Housing Administration
revolving fund
College housing loans
Nonprofit sponsor assistance
Low-rent public housing:
Loans to States, territories, etc....
Purchase money mortgages
Total low-rent public housing
Total Federal Housing Administration.
Government National Mortgage Association:
Management and liquidating functions...
Special assistance fxmctions:
FHA-VA loans
Conventional mortgage loans
Guarantees of mortgage-
backed secur it ies fund
Total Government National Mortgage Association.
Housing management:
Community disposal operations fund
Revolving fund, liquidating programs
Community planning and management:
New conmunities guarantee fund
Cominunity development:
Rehabilitation loan fund
Urban renewal fund:
Direct loans and planning grants
Guaranteed loans
Total Housing and Urban Development Department.
Interior Department:
Public land management:
Bureau of Indian Affairs:
Liquidation of Hoonah Housing Project
Revolving fund for loans:
Cooperative associations.
Corporations and tribes..
Credit associations
Expert assistance
Individual Indians
Total revolving fund for loans.
Territorial Affairs:
Public works
Rehabilitation in Guam
Total Territorial Affairs.
-'urvey:
Investigations, and research.
Footnotes at end of section.
23,623
9,363
527,551
455, 4^^
551
11,118
19,711
,139, 3^2 22/
I.
151
762
29
186
A
618
901
23,623
9,363
527,551
779,250
<;l,<.20
25,520
30,000
,188,348 22/
29,186 22/
5— 6-1 '/.
3—5-1 '2
20
20
l,i03,352
, 468,000
V4*ST 25/
4
468
000
-
5
871
352
76,197
437,581
2,834,065
47,843
J76,371
1,442
79,630
538
76,197
437,581
2,834,065
5,011,000 ii/
1,442
79,630
538
518,237 2Z/ 518,237
87,105,240
87,105,240
.33— 1%
0—1%
87,623,477 12/
l.:,a8o,655
80,168
6,505,824
256,929 12/
3,228,176 12/
472,535
l,71u
7,750,186
12,750,000
3,959,350
3,064
5 36.117
45,---
■Ul.gn;
95,055
11,446,692
1,10.'.
40,1—
; .V'l
l.cfc'
3,750
49,287
520
■:<■ ,114
13,989,655
101,613,132
?,064
5:it,117
390,000
95,055
1,710,526
103,604,658
1,104
40,177
2,591
1,665
3,750
13,089,655
740,500
1,710,526
12/
Various
Various
3-3-3/4
7/8—8
-/3— 8
3
ST
3—40
Up to 10
Up to 15
26/'
12—15 ST 22/
3
ST
Up to 15 22/
9.41—12.00 ST
4.00— 9.;: =T
3.00— 9.5; ;:
2-1/2 — 8-3/4
3—5-1/2
-1/2—8-1 '2 ^
-Jb/
5-1/4—7-1/2
-7-3/4
Various
Do
3—5-1/2
3—5-1/2
2—5
5-1/2
0—5-1 '?
5-3/4—10-1/4
0—15 ST
0—40 ST
a— 40 ST
30—50
1/2
Demand — 40
4—36 ST
ib/
25—30
^
10—30
20
3—20
Various 40/
Various
25
0—30
0—30
0—30
n— 25
30
30
0—13
June 1977
143
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding March 31. 1977-Continued
(In thousands of dollars)
Agency and program
Direct loans or credit
Amount
outstanding
Maximum Amount
authority 1/ outstanding
Guarantees and insurance
Maximum
authority 2/
Government
fee or premiun
Interest
range
(Percent) 2/
Maturity
range
(Years) y
I-Wholly ovmed Government enterprises
United States dollar loans - Continued
Interior Department - Continued
Water and power resources :
Bureau of Reclamation: 41/
Irrigation distribution systems
Small reclamation projects
Total Bureau of Reclamation,
Total Interior Department
Justice Department:
Law Enforcement Assistance Administration:
Loans to law enforcement students
State Department:
Emergencies in the diplomatic and consxilar service..
Loan to the United Nations headquarters
Loan to the United Nations
Total State Department.
Transportation Department:
Federal Aviation Administration:
Aircraft loans:
Guaranteed loans
Federal Highway Administration:
Right-of-way revolving fund
Federal Railroad Administration:
Loans to railroads
Railroad loans acquired by default,,.,.
Trustee certificates of railroads.
Urban Mass Transportation Administration:
Urban mass transportation fund
Washington Metropolitan Area Transit
Authority bonds :
Total Transportation Department.
Treasury Department:
Receivable from foreign banking institutions
RFC loans in liquidation
Miscellaneous loans and other credits;
Greece - World War I
Hungary
Turkey
Lend-lease and surplus property
Loan to the United Kingdom
Total Treasury Department.
Energy Research and Development Administration:
Long -term rece ivables
General Services Administration:
General activities:
Liquidation of Virgin Islands Co'^poration.
Surplus property credit sales
Guaranteed loans
Federal buildings fund
Total General Services Administration
Veterans Administration:
Direct loans to veterans and reserves....
Education loans
Loan guaranty revolving fund:
Acquired mortgages
Guaranteed mortgages
National service life insurance fund
Service-disabled life insurance fund
U.S. Government life insurance fund
Vetersms insurance and indemnities
Veterans reopened insurance fund
Veterans special life insurance fund
Vocational rehabilitation revolving fund.
Total Veterans Administration.
Independent agencies:
Community Services Administration:
Community Services Administration loan fund:
Loans to individuals
Loans to cooperative associations
Total Community Services Administration.
l,<i
30r.,^ ■!
1^7
4H0
2,345
Q.OOO
177 ^fo
A8,1''1
1 . hq?
12,436
609
114,000
1,390,586
2,557.762
4,077,
55,b44
58,931
13,140
1,001,81.6
20,091
54.028
1,25Q
26,174
4C..OIQ
S,748
10,022
69,168
131,663
147,490
2,345
9,000
35,808
132,825 480,000
300,000
25,995
54,001
57,476
1,695
750
12,436
609
114,000
1,390,586
2,557,762
71,961
3,287
55,644
643,546
13,140
986,975
,491,999
115,890 46/
376,909 ib,
6,118
308,010 i6,
385,480 ib,
385
8,748
10,022
896,480
60,778
4,875
2,400.000
125,000
997,000
1/4?
l/4fo
1/44
7/8f
3—4-1/8 42/
9-1/4
22—50
22—50
1% above
prime rate
34 St
10 ST
2— 7 ST
48,750
736,500
32.385,953
32,385,953
32,385,953 42/
-iX-
<w:
7.8—8.1
3-5/8-8-1/2
7.30—8.35
4
6
2
3—3-1/2
0—3
0—2-3/8
0—2
.385—3 .■
4—7-1/2
5—6-1/2
4-1/8—10-1/4
5-1/2—7-1/2
8.03-8.5
4—9-1/2 ST
8 ST
3—9-1/2 ST
3.-9-1/2 SI
4—5
4—5
4—5
4—5
4—5
4—5
4-l/«
4-1/8
1—20 ST
15 ST
1-31
40
84
61
30
56
55
0—12
0—30
7—30 ST
Indeflnte
7—30 ST
7—30 ST
Indeflnte
to
Do
Do
Do
Do
Bo
15 42/
30 45/
Footnotes at end of section.
144
Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding March 31, 1977— Continued
(In thousands of dollars}
M^eticy find propram
Direct loans or credit
Amount
outstanding
Maximum
'juthority 1/
Gurtrfintees ynd insurynce
Amount
outstanding
Maximum
authority 2/
Governi&ent
fee or premium
Interest
range
(Percent) 1/
Maturity
range
(Years) y
I-Wlwlly owned Government enterprises
United States dollar loems - Continued
Independent agencies-Continued:
District of ColumbiB:
Loans for capital owXl^y 'J' ^j Ji^
Advanceato Stodixim sinking fund. Armory
Board i2/
R... ,,-_...>ii(^ iidvances to the D.C. general fund.
■ lot of Columbia
:-/!. :, nuurjiitee Board:
Liiiertjeiioy 1 ■ ■■i^ fund
Exporl-Inpor- United States:
Equipment fin., o^i . . - ,oans
Conmodity loans
Emergency loans
Di scount loans
Export-Import medium term guarantees
Certificates of loan participation
Insurance issued through the Foreign Credit
Insurance Association:
Hedluo term Insurance
Short term insurance
Total Export -Import Bank of the United States..
Federal Home Loan Bank Board:
Federal Savings and Loan Insiareince Corporation:
Loans to insured institutions
Loans acquired from insured institutions
Revolving fund
Total Federal Home Loan Bank Board.
Interstate Commerce Commission:
Railroad loans purchased
Railroad loans guaranteed
Total Interstate Commerce Commission,
National Credit Union Administration:
National credit union share insurance fund.
Small Business Administration:
Business loan and investment fund;
Financial assistance program:
Business loans
Displaced business loans
Economic opportunity loans
Handicapped loans
Local development company loans
State development company loans
Trade adjustment assistance loans
Investment company assistance program:
Loans and debentures purchased
Total business loan and investment fund.
Disaster loan fund:
Financial assistance program:
Disaster loans
Total Small Business Administration,
United States Railway Association:
Direct loans
Subtotal
Held by lending institutions not guaranteed or
insured by the Federal Government
Total budget Federal agencies.
Off -budget Federal agencies ^1/
Federal Financing Bank
Rural Electrification Administration:
Rural electrification and telephone revolving
fund:
Electric systems
Appliances and equipment
Telephone systens
Rural Telephone Bank : hi/
Telephone systems
Total Rural Electrification Administration....
Housing and Urban Developinent Department;
Housing production and mortgage credit:
Housing for the elderly or handicapped
Total off-budget Federal agencies.
Total Part I
Footnotes at end of section.
1,186,583
A16
40,750
11,107,725
69,670
118,385
U-;,13S
11, 4;'^, ^1^
13,991
25,943
39,934
837,625
250,881
232,511
18,763
201,851
11,576
1,440
208,671
l,7tj,;3e
1,376,293
,i:^/
218,145
64,165,700
19,829,926 62/19,82^,926
C4, 165, 700
1,186,583
416
40,750
14,731,571
103,272
118,385
1,694,889
80,000
2,411,992
41,433
;-:8],4^j.-^
l,04V.r.lo
13,991
25,9'i3
4,000,000
2,551,071 12/
3,782,502
-
'0
065
"yZ
065
' . -i-'l
1,376,29:-
7,1X13,129)
1,860,339
441,592
11,752,492
3,0/.Q,86g
441,592
39,641,067
93,806,767
,166,733
1,817
84,495
1,QW
184,:"'
406,557
5,743,511
50,739 12/
942,666
3,138,952
2.3— 2.75i6
1/2*
3/8*
4,646,167
9,006
4,555,17
181,547,600
36,031,609 52/
217,579,200 60/
58/
6,;:6b,24i
393,875
l/4«
1/4*
1/4*
217,579,209
2-5/8—8-3/8
6-1/4 —7-3/4 SI
5.59—8.40
2-3/8—9-1/2
5-3/20—9
3—7-7/8
Various
5—40 ST
2—40
2—3
6—22
1/2-5
a/ 1/4—12
6—8-1/; 3—8
5—6-1/2
4-3/4-8-1/2
7-7/8—8-3/8
4-1/2—9-1/2
4-1/2—9-1/2
6-5/8 ST
6-5/8 ST
3^
6-5/8
8
7-1/4—7-7/8 ST
is/
b-i/B ST
5—9-1/8
1/2—5
Up to 180 days
1—25
1—25
5.131—9.333
10 sr
30 ST
15 ST
15 ST
25 ST
20
25 ST
15 ST
30
1/4—15
Up to 35 years
2-5
2-5 SJ/
2—5
35 sr
35 ST
35 ST
62/
35—50 ST
June 19^7
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
145
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding March 31, 1977-Continued
(Ii
thousands of
dollars)
Direct loans or credit
Guarantees and insurance
Interest
range
(Percent) J/
Agency and program
Amount
outstanding
Maximum
authority 1/
Amount
outstanding
Maximum
authority ZJ
Government
fee or premium
Maturity
range
(Years) 2/
1 1 -Wholly oTmed Government enterprises
Loans repayable in foreign currencies
Funds appropriated to the President:
International development assistance:
Bilateral assistance:
Agency for International Development:
Development loan fiind liquidation account
Private enterprises 6^
Common defense, and triangular trade loans
Community credit guaranty loans ^7/.
Productive credit guaranty loans
>U.1.,8
6e.S28
1,2b..-, 058
514,116
2,207,150
341,148
88,828
1,264,21*
514,571
20.401
1,4^7
6,139,998
12,703,220
19,943,566
/ 1/ jt^r> >Qfl «
441
1,075
6,000
l/2«
l/4«
3/4—8
3-1/2—18
3/4-7-1/2
8—16
1/2—6-1/2
0—2-3/8
6-8-1/4
6.6—7.4
8—9-1/4
7-1/2—9-1/2
7-1/4—10-7/8
4-1/2—10
5.66—9.5
4-41
0—7
2-42
Total funds appropriated to the President
Treasury Department:
Lend-Lease and surplus property
441
20,401
-
At request of
Other independent agency:
nm"t.f»rl Sta+.fiR Tnf nrrrtntion AgpiT'y , ,
1,4 "'7
.
10—30
Total Part II
2,228,968
6, 139,998
12,703,220
19,943,566
38,786,784
14 462 ^98 68
441
Ill-Privately ovmed Government-sponsored enterprises
Farm Credit System:
Banks for cooperatives:
-
1 20
Federal intermediate credit banks:
1—7
Federal land banks:
5—40
-
Federal Home Loan Bank Board;
Federal home loan banks:
/
Up to 10
28
Federal Home Loan Itortgage Corporation:
?, 424, til 22/ 3,424,633
Total Federal Home Loan Bank Board
17,887,0)1
31,671,b40
424.915
-
31,671,640
. 424,915
_
20—40
Up to 15
Total Part III
88,770,370
-
Source: Bureau of Government Financial Operations. Based on quarterly
reports received from agencies pursuant to Treasury Circular No. 966,
Revised,
1/ If the maximum authority is Indefinite, an ajaount equal to the loans
outstanding is shown in this column. Certain ajcounts have been noted
to indicate factors affecting the indefinite amount. Authority for
credit sales of realty and loans In liquidation is stated In amounts
equal to the amounts outstanding.
2/ If the maximum is indefinite, an amount equal to the guarantees and
insurance outstanding is shown in this column. Certain amounts have
been noted to indicate factors affecting the indefinite authority.
2/ Figures ahown in this column are applicable to both direct loans or
credit outstanding, and guarantees and Insurance outstanding if
amounts are shown under both headings; otherwise they are applicable
to the amounts under the heading shovm.
U Administrative - rates are from % to 7-7/85? on direct loans; various
rates on guaranteed loans. No statutory provisions,
iJ Represents loans made in foreign currency, repayable In U.S. dollars.
6/ Statutory limit for public debt borrowings is $14,500,000 thousand,
of which $4,288,050 thousand was in use as of March 31, 1977.
2/ Loans made and not disposed of shall not exceed $500,000 thousand at
any time. There is no limit on loans acquired,
£/ Administrative - differences, if any, between interest rate to bor-
rower and interest rate to lender: statutory - borrower shall pay
such fees and other charges as the Secretary may require,
2/ Statutory - determined by the Secretary of the Treasui^ taking into
consideration the cuxrent average market yield on U.S. marketable
obligations outstanding with remaining periods of maturity comparable
to average maturities of the loans.
10/ Administrative - not to exceed 7 years; however, last installment
may be refinanced for 5 years; statutory - may not exceed 7 years,
but may be renewed for not more than 5 years.
11/ There is no limit on emergency loans that may be made,
12/ Rate negotiated between lender and borrower. The rate shall be
legal and reasonable.
Vy Administrative - may not exceed shortest of following: (1) local
statutory limitations, (2) 50 years from date principal benefits
from works of improvement become available, or (?) useful life of
improvement. Statutory not to exceed 50 years from date principal
of works of ijnprovement become available.
%iJ Authority for labor housing and rural rental housing direct and
guaranteed loans was transferred to the rural housing Insurance fund
by an act approved August 10, 1965 (42 U.S.C. 1487).
1^/ Current rate plus .125 percent,
16/ Administrative - direct: loans for natural disasters, interest is
determined monthly. Rate of 8% on loans not to exceed $1,000 to
low and moderate income families pursuant to Section 502 of the
Housing act of 1949, as amended. Rate for Section 504 loans is 1%.
Guaranteed; loans to low or moderate income borrowers, 8^; above
moderate income borrowers, 8^ plus .5% insurance charge.
22/ Statutory - direct and guaranteed loans to low and moderate income
borrowers: determined annually by the Secretary of the Treasury,
considering current average market yield on U.S. marketable oblig-
ations outstanding of comparable maturities, adjusted to nearest 1/8
of \io, less not to exceed differences between adjusted rate and
1% per annum. Guaranteed loans to above moderate Income borrower:
as determined by the Secretary at rates comparable to combined ^ratea
of interest and premium charges in effect under Title 12, Section
1709,
2^ Maximum authorisation for direct rural housing loans Is $,iO,000
thousand.
12/ Administrative - direct %\ guaranteed, 9^. Statutory - rate
determined annually by the Secretary of the Treasury, considering
current average market yield on outstanding U.S. marketable oblig-
ations for comparable maturities adjusted to nearest 1/8 of \%, less
not to exceed difference between adjusted rate determined by the
Secretary and Vfa per annuw,
20/ Administrative - direct, not to exceed 50 years; guaranteed, not to
exceed 40 years except for loans to provide housing for Senior
citizens only will not exceed 50 years. Statutory - as determined
by the Secretary.
146
Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Footnotes to Table GA-II-2.-Continued
22/
22/
2i/
22/
24/
27/
22/
J2/
a/
2/
22/
3i/
23/
42/
id/
&/
i2/
UJ
ii/
i6/
42/
4a/
42/
5i/
12/
iJ/
iA/
■ *-lve: Jtrect 3Sf, guaranteed 8$. Statutory rate is
l.-ji annually by the Secretary of the Treasury, conatderLng
eorrent nverage rcaricet yield on outBtQiuUng U.S. marketable obliga-
tions for oomperoble cBturlties adjusted to nearest l/8 of 1*.
Maxinium authorisation shall not exceed $25,000 thousand each fiscal
year.
Adninistrative - direct, current interest rate for eligible (moderate
inco3ie) applicants, ?.%', ineligible (above - moderate) applicants'
interest rate, 0,% plus 0.53f insurance charge. Statutory - determined
by the Secretary.
Maximum authorizoticHi far direct and guaranteed loans amounts to
$1,750,000 thousand which has been prorated between the direct loans
and the ^ua/'snteed loans .
Represents premium on insured loans; there is no premium on t^uaran-
teed loons.
Advances shall be peld within such period as the Commissioner may
deem appropriate in each case, dei)ending on the maturity and
solvency of the reserve fund .
Represents loar.6 to students in Institutions of higher education.
After June JO, 1930, and not later than December 31, 1980, there
shall be a capital distribution of the student loan fund and not
less than quarterly thereafter.
Loan allocations are made when needed as determined by surveys of
institutions.
Loans to students are repaid directly to the U.S. Government during
a 10-year period beginning nine months after atudent leaves school.
Figures as of December 31, 1976, the latest available.
Represents estimated insurance on loans outstanding and loan reports
in process of $2,652,213 thousand.
Includes interagency holdings by the community disposal operations
fund and the Government National Mortgage Association, and loans
held by the Federal Home Loan Mortgage Corporation and the Federal
National Mortgage Association (see footnote 68 in Pert III of this
table) .
Represents maximum authority to borrcw from the Secretary of the
Treasury, and funds provided by sales of participation certificates.
Includes loans insured by the Federal Housing Administration and
loans guaranteed by the Veterans Administration.
Determined by the Federal Housing Administration and the Veterans
Administration.
Calculated monthly in reference to average yield of 6-12 year
Treasury borrowings.
Includes loans of $2,(il9 thousand insured ty the Federal Housing
Administration ,
Statutory - application fee, $10 thousand; commitment fee, 0.5? of
principal up to $30,000 thousand and O.ljK over $30,000 thousand.
Guarantee charges, 35^ of principal amount guaranteed. Annual charge,
0.5? of outstanding amount guaranteed for first seven years, 1? of
outstanding amount guaranteed after seven years.
Loans nay be paid off at any time ty application of proceeds from
sales of land or capital grants or by refinancing.
Figures as of September -30, 1976, the latest available
As provided by an act approved August 6, 1956 (70 Stat! IO46) loan
allocations to irrigation land holdings not in excess of 160 acres
are Interest free. Allocation to nonlrrigation uses and irrigation
land holdings in excess of 160 acres bear interest based on the aver-
age rate on certain outstanding U.S. marketable obligations
The guaranteed loan rates are 5-9?, and Federal funds rate plus
3/8%. Direct loan rate is ^1/2?.
Default of guaranteed loans.
Payment depends on liquidation of Penn Central State.
These figures are stated on an estimted basis.
Includes Interagency holdings by the Government National Mortgage
Association, and loans held by the Federal Home Loan Mortgage
Corporation and the Federal National Mortgage Association (see
footnote 69 in Part III of this table).
Administrative - minimum period consistent with applicant's ability
to repay, not to exceed maximum maturity set by statute of 15 years
for loans to individuals end 30 years for loans to associations.
Statutory - rate of Interest on loans to the District of Columbia
shall be fixed by the Secretary of the Treasury at the beginning of
--r.e ^month period In which the loans are made. Current rates
-- from 2-5/8? to 8-3/3?.
-sents balances from the Water, Highway, General, Sanitaiy
. "^-K-e and Wctro Area Sanitary Sewage Works funds pursuant to
Public Uw 94-333 dated J-jne 30, 1976.
Shipnent coverage rates as of March 31, 1977, were $0.12 to $6.30
on each $100 of financed portion (contract price minus cash payment)
Guaranteed interest rate will be 1? above the Department of the
Treasury borrowing rate for comparable maturities and will be fixed
at time of authorization.
Includes guaranteed interest of ^ 657 thousand
Shipment coverage rater ■ ■ -^ "--'-h 31, 1977, were $0.53 to $6.62
on each $100 of f Inane.
Shlpraent ccrv'*r«>f^e m*--
on each $1""
:;ontract orlce minus cash T>ayjDent).
.-; 31, 1977, were $0.12 to %Z,U
^6/ Statutory formulas set minimum rates baaed on yields of U.S. Govern-
ment obligations of comparable maturity. Accordingly, rates charged
may exceed minimum and mny vary from nootb to mon.th.. For
March 31, 1977, 6-1/231 for ECU, and 7-3/858 for.SBIC debenture purchases.
i2/ Maximum authorisation totals a,ffl2,500 thousand, which represents
appropriations made to the Administration. This amount has been
prorated between the direct loans and the guaranteed loene.
58/ No limitaticin has been placefl on amount of direct or guaranteed
loans that may be outstanding at any one time.
g9/ This figure represents the amount of participation by private enti-
ties In partially guaranteed U.S. credit programs. This private
participation in the guaranteed loan programs of the various agencies
Is as follcws:
Amount
(In thousands
Agency of dollars)
Funds appropriated to the President:
Overseas Private Investment Corporation 50,615
Agriculture Department:
Agricultural credit insurance fund:
Fann ownership loans;
Farm enterprise 223
Non-farm enterprise 3
Guaranteed emergency loans 8,050
Guaranteed operating loans 3,85A
Guaranteed livestock loans 109,878
Rural development insuraiwe fund:
Guaranteed business and indxistrial development loons... 37,823
Commerce Department:
Economic Development Adadni strati on:
Economic development revolving funis 32, 320
Housijag and Urban Development Department:
Federal Housing Administration 2,652,213
Transportation Department:
Federal Aviation Administration:
Aircraft loan guarantees 14,759
General Services Administration:
Defense production guarantees 43,875
Veterans Administration:
Loan guaranty revolving fund 52 , 387,036
Other independent agencies:
Small Business Administration:
Business loan and investment fund 689,719
Disaster loan fund 1,241
Total 36,031, 609~
60/ Excludes $35,979,326 thousand representing securities issued by the
Federal National Mortgage Association and other institutions that
are guaranteed by the Government National Uortgage Association,
guarantees of mortgage-backed securities fund. These securities are
backed by the Federal Housing Administration insured or Veterans
Administrati-on guaranteed mortgages held by the institutions.
61/ Most outlays of the Rural Electrification and Telphone revolving fund
and the Rural Telephone Bank has been classified off-budgot since
May 12, 1973, by an act approved May 11, 1973 (87 Stat. 65-.71) .' The'
Federal Financing Bank was established as an off-budget Federal agency
by an act approved December 29, 1973 (87 Stat, 941). Housing pro-
duction for the elderly or handicapped was classified off-budget
pursuant to Public Law 93-383, dated August 22, 1974.
^ Loans made by Federal Financing Bank are included in the guaranteed
programs of the appropriate agencies.
63/ Interest is 2? on loans made prior to May 11, 1973. Loans made
after that date bear int-^res*. ^-x ?? or 5? depending on certain
conditions stated in r b) of an act approved May 11, 1973
(87 Stat. 6^). Guarar- vill bear Interest at rate agreed
upon by the borrower ari^ ..ir i--;..!er.
64/ This Bank is a mixed-ownership corporation,
^5/ Interest rate Is average rate of cost of moneys to the telej^one bank
as determined by the Governor.
s^ Represents the Cooley loan program established by an act approved
August 13, 1957(7 U.S.C. 1704 (e)).
62/ This program was transferred from OPIC to AID, pursuant to Section
222A of the FAA of 1974.
68/ Does not include advances of $2,790,4CX) thousand to the Federal
Home Loan Mortgage Corporation.
69/ At no time shall the aggregate outstanding advances made by any
-e loan bank to any member exceed 12 times the amounts
ri member for outstanding capital stock held by it (12
. - (c)).
70/ :j:.i;i3-^ of mortgages Insured by the Federal Housing Adrainistraticai
and guaranteed by the Veterans Administration amounting to
$1,563,763 thousand; less unamortised discount of $61,397 thousand;
participations in conventional loans of $1,001,448 thousand;
conventional whole loans of $929,775 thousand; less loan loss
reserve of $8,956 thousand.
St Statutory.
JiiiH' 19^7
.CUMULATIVE TABLE OF CONTENTS.
July 1976 through June 1977
147
Issues and page numbers
\u^ . Sept .
Feb. f.Vir.
[-lay
Article:
Treasury financing operations.
Federal fiscal operations:
Sunimary of fiscal operations
Budget receipts by source
Chart - Budget receipts by source
Budget outlays by agency
Undistributed offsetting receipts
Budget outlays by function
Investment transactions of Government accounts in
Federal securities (net )
Trust fund transactions
Selected accrual data reported by Federal agencies
Detail of excise tax receipts
Summary of Internal revenue collections by States
and other areas
Federal obligations
Account of the U.S. Treasury:
Status of the Account of the U.S. Treasury
Analysis of changes in tax and loan account balances.
Gold assets and liabilities of the Treasury
Monetary statistics:
Currency and Coin In Circulation
Federal debt:
Summary of Federal debt
Computed interest charge and comjjuted interest rate
on interest-bearing public debt
Interest-bearing public debt
Maturity distribution and average length of market-
able interest-bearing public debt
Government account series
Interest-bearing securities Issued by Government
agenc ies
Participation certificates
Debt subject to statutory limitation
Status and application of statutory limitation
Treasury holdings of securities issued by Government
corporations and other agencies
Description of securities of Government corporations
and other business-type activities held by the
Treasury
Public debt operations:
Maturity schedule of interest-bearing public marketable
securities other than regular weekly and 52-week
Treasury bills outstanding
Offering of bills
New money financing through regular weekly Treasury
bills
Offerings of public marketable securities other than
regular weekly Treasury bills
Unmatured marketable securities Issued at a premium
or discount other than advance refunding operations...
Allotments by Investor classes on subscription for
public marketable securities
Disposition of public marketable securities other
than regular weekly Treaexiry bills
Foreign series securities (nonmarketable) Issued to
official institutions of foreign countries
Foreign currency series securities (nonmarketable)
issued to official institutions of foreign
countries
United States saviPFS bonds:
Sales and redemptions by series, cumulative
Sales and redemptions by periods, all series
combined
Sales and redemptions by periods, Series E through K.
Redemptions of matured and unmatured saving bonds
Sales and redemptions by denominations, Series E and
H combined
Sales by States, Series E and H combined
10
11
It"
19
-.5
4 3
62
65
10
11
12
17
IS
IQ
Jl
;l
24
25
41
^?
A8
51
58
53
59
61
21
22
23
2A
25
2b
27
/8
41
45
48
51
bO
62
I'.i
11
lb
17
18
20
21
;i
22
62
61
65
10
11
1<
14
15
17
18
18
la
20
21
22
26
27
30
34
37
41
44
47
55
56
58
21
22
24
25
26
41
44
51
54
11)
11
12
17
18
IQ
21
21
22
23
24
25
26
27
38
.,1
45
50
53
61
62
64
1
5
7
10
11
12
i I
15
17
20
21
22
24
25
27
28
29
30
;'3
34
37
41
48
53
56
b5
66
68
bO
70
10
11
12
17
18
19
21
22
22
23
24
25
26
27
30
34
35
38
42
45
49
54
57
63
66
67
69
10
11
16
17
18
20
21
21
22
23
24
25
26
30
33
37
40
44
49
53
62
63
65
10
11
16
17
18
20
21
21
22
23
24
25
26
29
30
33
37
40
44
49
53
62
63
65
148
Treasury Bulletin
.CUMULATIVE TABLE OF CONTENTS.
July 1976 through June 1977-Continued
;r.::uet! fii;d tjnt^e nur-bers
July
AuC.
May
United Stated savinp:" notes:
Sales and redemptioni; by period^-
OmershlD of Federal securities:
Distribution by classes of investors and types of
Issues
Estimated ownership by private investors
Treasury survey of QvnershlL
Treasury svu-vev - cgrrjiioroial bonV. ovmer.?hip
Market quotations on Treasury securities:
End-of-r.onth closing quotations
Chart - Yields of Treasury securities
Average viplds of lonp-term bonds:
Average yields of long-term Treasury, corporate, and
municipal bonds
Chart - Average yields of lonc-torm Treasury,
corporate, and irunicipal bond^:
Kichanpe Stabilization Fund:
Balance sheet
Tncone and expense
.r.d Expense, and dividends of National
5sr..-;s Caler.dsr ;ear 1975
International financial statistics:
L',S. reserve assets
U.S. liquid and other liabilities to foreign
official institutions, and liquid liabilities to all
other foreigners
U.S. liquid and other liabilities to official
institutions of foreign countries by area
Nonmarketable U.S. Treasury bonds and notes issued
to official Institutions of foreign countries
U.S. position in the International Monetary Fund
Weighted average of exchanges rate changes for the
dollar
Capital movements:
Liabilities to foreigners reported by banlts in the
United States
Claims on foreigners reported by banks in the United
States
Liabilities to foreigners by nonbanking
concerns in the United States
Claijns on foreigners reported by nonbanking concerns
In the Ignited States
Transactions in long-terra securities by foreigners
reported by banks and brokers in the United States
Foreign ere:' ' balances in brokerage accounts.
Foreign Cuyre: _:
Surra ry
Belgian Franc : :;.;it.i-.-;i:
Canadian Dollar Positions
French Franc Positions
German Vark Positions
Italian Lira Positions
Japanese Yen Positions
Swiss Franc Positions
Sterling Positions
United States Dollar
Positions Abroad
\es acquired by the 1.5. Governmient
of dollars:
67
68
81
85
86
87
88
89
92
100
int.
110
116
125
--.--.^.. ^ ., . ency transactions.
Foreign currency transactions.
suinmary and country uses.
U.S. uses and trust fund:
Financial operation; :___ __ __
Government corpor';* ' :■"
activities:
Statements of financiu.. .;j;.dili^i
Statements of Income and retained earnings
Federal credit programs:
Direct sales and repurchases of loans
Direct and guaranteed loans outstanding
Trust funds:
Civil Service Retirement and Disability i^und
Federal old-age and Survivors Insurance Trust Fund . . . .
Federal Disability Insxirance Trust Fund
Federal Hospital Insxirance Trust Fund
Federal Supplementary Medical Insurance Trust Fund....
Railroad Retirement Accounts
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts
63
U
65
71
8 J
S6
87
88
89
93
101
107
111
117
126
120
130
l.-l
1- -
13.,
l:'5
I'b
u
65
7Q
80
81
84
92
og
10:
10?
11
119
120
67
68
76
77
81
82
83
84
85
88
96
112
121
123
67
77
78
80
81
83
84
111
120
123
]2i
125
12?
12?
i".r
1-1
l^?
1"
1^5
I' 6
60
nl
66
68
69
70
74
75
79
87
97
114
115
67
68
73
75
76
77
78
70
81
82
83
84
85
88
06
102
106
112
121
123
66
67
68
72
76
78
90
104
114
123
72
73
78
8C
81
82
84
85
86
87
91
115
124
127
128
130
132
134
136
137
139
141
223
224
225
226
228
229
230
231
232
234
71
72
65
86
87
88
89
92
106
116
125
128
129
131
133
135
137
138
140
142
175
176
67
68
79
80
86
94
100
104
lie
11°
122
123
125
127
129
131
132
134
136
138
144
146
147
148
149
151
152
73
75
76
77
79
SO
81
82
83
86
94
100
lOi
110
120
121
123
125
127
129
130
132
134
136
139
140
DEPARTMENT OF THE TREASURY
FISCAL SERVICE. BUREAU OF
GOVERNMENT FINANCIAL OPERATIONS
OFFICE OF THE COMMISSIONER
WASHINGTON, D.C. 20226
POSTAGE AND FEES PAID
DEPARTMENT OF THE TREASURY
TREAS - S53
OFFICIAL BUSINESS
PENALTY FOR PRIVATE USE. $300
FIRST CLASS
. stock .
in^mcrica.
Buy U. S. Savings Bonds
Treas.
HJ
10
.A2
c.l
Treas.
HJ
10
c.l
U.S. Dept. of the
Treasury.
Treasury bulletin.
Jan. -June 1977.
U.S. Dept. of the
Treasury.
Trpflsiiry hnl Ipfin
Jan. -June 1977.
DATE
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